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Speedway Takes Checkered Flag in Tax Dispute With IRS

International Speedway Corp.("ISC"), which owns and operates 13 of the nation's major motorsports tracks (including Daytona and Talladega) today announced a settlement with the IRS in connection with depreciation deductions claimed on its 1999-2005 tax returns.  ISC deposited $118 million with the IRS to avoid accruing additional interest, and the IRS has returned $97 million to ISC.


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