118 STAT. 1548 PUBLIC LAW 108–357—OCT. 22, 2004 ‘‘(ii) regulating any aspect of the employment rela tionship, including claims for wages, compensation, or benefits, or prohibiting the discharge of an employee, the discrimination against an employee, or any other form of retaliation or reprisal against an employee for asserting rights or taking other actions permitted by law.’’. (c) EFFECTIVE DATE.—The amendments made by this section shall apply to fees and costs paid after the date of the enactment of this Act with respect to any judgment or settlement occurring after such date. SEC. 704. MODIFICATION OF CLASS LIFE FOR CERTAIN TRACK FACILI TIES. (a) 7 YEAR PROPERTY.—Subparagraph (C) of section 168(e)(3) (relating to classification of certain property) is amended by redesig nating clause (ii) as clause (iii) and by inserting after clause (i) the following new clause: ‘‘(ii) any motorsports entertainment complex, and’’. (b) DEFINITION.—Section 168(i) (relating to definitions and spe cial rules) is amended by adding at the end the following new paragraph: ‘‘(15) MOTORSPORTS ENTERTAINMENT COMPLEX.— ‘‘(A) IN GENERAL.—The term ‘motorsports entertain ment complex’ means a racing track facility which— ‘‘(i) is permanently situated on land, and ‘‘(ii) during the 36 month period following the first day of the month in which the asset is placed in service, hosts 1 or more racing events for automobiles (of any type), trucks, or motorcycles which are open to the public for the price of admission. ‘‘(B) ANCILLARY AND SUPPORT FACILITIES.—Such term shall include, if owned by the taxpayer who owns the complex and provided for the benefit of patrons of the complex— ‘‘(i) ancillary facilities and land improvements in support of the complex’s activities (including parking lots, sidewalks, waterways, bridges, fences, and land scaping), ‘‘(ii) support facilities (including food and beverage retailing, souvenir vending, and other nonlodging accommodations), and ‘‘(iii) appurtenances associated with such facilities and related attractions and amusements (including ticket booths, race track surfaces, suites and hospitality facilities, grandstands and viewing structures, props, walls, facilities that support the delivery of entertain ment services, other special purpose structures, facades, shop interiors, and buildings). ‘‘(C) EXCEPTION.—Such term shall not include any transportation equipment, administrative services assets, warehouses, administrative buildings, hotels, or motels. ‘‘(D) TERMINATION.—This paragraph shall not apply to any property placed in service after December 31, 2007.’’. (c) EFFECTIVE DATE.— 26 USC 168 note. 26 USC 62 note.
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