Railroad companies would get a bigger tax credit for maintaining tracks.
Railroad companies would get a bigger tax credit for maintaining their tracks. This bill would increase the credit amount per mile, add an inflation adjustment, and extend the period for which spending qualifies.
Today, railroad companies can claim a tax credit of $3,500 per mile for track maintenance, but only for spending before January 1, 2015. This bill would increase that credit to $6,100 per mile and extend eligibility to spending before January 1, 2024. It would also add an inflation adjustment to the credit for taxable years starting after 2025.
S 1532 · 119th Congress · AI Summary by gemini-2.5-flash · 10/10
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15 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.