Under the terms of the financial “rescue plan,” motor sports facilities will be allowed to depreciate their capital investments over a 7 year period rather than the previously stated 15 year time frame. That means less of the earnings from each of those seven years will go towards taxes, helping the track owners achieve a higher annual profit in the short term. The new provision will provide incentives for track owners to invest in their facilities on improvements such as repaving tracks, new concession stands, parking lots and more.
I always seem to get the question “why do you collect Nascar stuff?” and “what makes Nascar collecting so unique?”. So today I am going to answer just that question! Nascar collecting is something more than just having a bunch of race cars around your room or house, it’s about enjoying what you have and […]
I have a statue of Dale Earnhardt on my desk and he looks at everyone who comes into my domain with the same cheshire grin and crossed arms. Sometimes I wonder what he would think about all that has gone on in NASCAR since he left us that fateful day in 2001? Would Dale Earnhardt […]