HR. 516In Committee
To amend the Internal Revenue Code of 1986 to modify the railroad track maintenance credit.
Increases the railroad track maintenance tax credit cap and broadens eligibility for qualified track maintenance expenses
Plain-English overview
What this bill does
Increases the railroad track maintenance tax credit cap and broadens eligibility for qualified track maintenance expenses
Key points
- Modify cap for inflation
- Increase credit cap
- Expand expense eligibility
Current status
Where it stands
Status
In Committee
Latest action
2025-01-16 — Referred to the House Committee on Ways and Means.
Related context
Topics and policy areas
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