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Changes to Railroad Track Maintenance Tax Credit

New regulations increase the tax credit for companies maintaining railroad tracks, potentially improving transportation infrastructure. These changes aim to support investments in the rail network, which could indirectly affect the quality and availability of transport services for citizens.
Key points
Increased Tax Credit: The railroad track maintenance credit amount increases from $3,500 to $6,100.
Inflation Adjustment: The credit amount will be adjusted annually for inflation, ensuring its future value.
New Expenditure Qualification Date: Expenses incurred after January 1, 2024, will qualify for the credit.
Effective from 2025: The changes apply to expenditures paid or incurred in taxable years beginning after December 31, 2024.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_1532
Sponsor: Sen. Crapo, Mike [R-ID]
Process start date: 2025-04-30
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

A bill 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 119_S_1532.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-04-30.

What are the main provisions?

Key points include:

  • Increased Tax Credit: The railroad track maintenance credit amount increases from $3,500 to $6,100.
  • Inflation Adjustment: The credit amount will be adjusted annually for inflation, ensuring its future value.
  • New Expenditure Qualification Date: Expenses incurred after January 1, 2024, will qualify for the credit.
  • Effective from 2025: The changes apply to expenditures paid or incurred in taxable years beginning after December 31, 2024.
What is the specific legal status?

The current status is Introduced.

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 Sen. Crapo, Mike [R-ID].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Taxes Transport Public Investments