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Increased Tax Credit for Railroad Track Maintenance and Inflation Adjustment.

This bill significantly increases the tax credit available to small railroad companies for maintaining and repairing their tracks. The goal is to encourage greater investment in rail infrastructure safety and quality, which supports the efficient movement of goods across the country. These changes will take effect for expenditures incurred after December 31, 2024.
Key points
The maximum railroad track maintenance tax credit is raised from $3,500 to $6,100.
The credit amount will be adjusted annually for inflation starting in tax years beginning after 2025.
These changes apply to maintenance costs incurred in tax years beginning after December 31, 2024.
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Additional Information
Print number: 118_HR_9522
Sponsor: Rep. Kelly, Mike [R-PA-16]
Process start date: 2024-09-10
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

To amend the Internal Revenue Code of 1986 to modify the railroad track maintenance credit.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_9522.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2024-09-10.

What are the main provisions?

Key points include:

  • The maximum railroad track maintenance tax credit is raised from $3,500 to $6,100.
  • The credit amount will be adjusted annually for inflation starting in tax years beginning after 2025.
  • These changes apply to maintenance costs incurred in tax years beginning after December 31, 2024.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Kelly, Mike [R-PA-16].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Taxes Transport