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One of the so-called "sweeteners" added to the financial markets bailout bill that passed the Senate Tuesday night was an obscure provision allowing motorsports race track owners to write off the cost of their facilities over seven years. Apparently the IRS has been trying to extend the track write-off period to 15 years — which means track owners would be able to deduct less every year — but thanks to the Wall Street Bailout, superspeedway owners barely able to scrape by with obscure NASCAR and IndyCar races will finally get the tax breaks they deserve. Cost to taxpayers? $100 million. Provision and analysis courtesy of The Chicago Tribune after the jump. More »
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