Photo courtesy of I-77 Speedway in Jackson County, West Virginia

West Virginia has introduced PRI-supported legislation (S.B. 467) to aid and incentivize the construction of motorsports complexes. The bill was introduced in the previous legislative session but failed to pass prior to the adjournment of the session. This version of the bill currently awaits consideration in the Senate Economic Development Committee.  

S.B. 467 recognizes the important economic and civic value that additional motorsports can provide to the state, plus the importance of providing incentives to attract large-scale investment in motorsports entertainment complexes.

The bill would provide tax exemptions for certain building materials and equipment used in the construction, repair or improvement of a motorsports entertainment complex.

PRI encourages the racing industry to reach out to lawmakers and request support for this legislation by visiting here.

Legislation that elevates the sport of racing are one of the many advocacy efforts supported by PRI Membership, which is actively working to address challenges and needs, such as providing support for race tracks to prevent them from closing, advocacy for the racing community against current legal threats, and educational programs that help businesses and racers succeed. For more information on PRI Membership, visit performanceracing.com/membership.