Bill
Bill > HR9522
US HR9522
US HR9522To amend the Internal Revenue Code of 1986 to modify the railroad track maintenance credit.
summary
Introduced
09/10/2024
09/10/2024
In Committee
09/10/2024
09/10/2024
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A BILL To amend the Internal Revenue Code of 1986 to modify the railroad track maintenance credit.
AI Summary
This bill amends the Internal Revenue Code of 1986 to modify the railroad track maintenance credit. Specifically, it increases the credit amount from $3,500 to $6,100 and provides for an inflation adjustment of this amount starting in 2025. Additionally, the bill extends the period for which qualified railroad track maintenance expenditures can be claimed from January 1, 2015 to January 1, 2024. These changes are intended to support the maintenance and upkeep of railroad infrastructure in the United States.
Committee Categories
Budget and Finance
Sponsors (23)
Mike Kelly (R)*,
Earl Blumenauer (D),
Julia Brownley (D),
Larry Bucshon (R),
André Carson (D),
Troy Carter (D),
Sheila Cherfilus-McCormick (D),
James Comer (R),
Jake Ellzey (R),
Lois Frankel (D),
Richard Hudson (R),
Jonathan Jackson (D),
Dusty Johnson (R),
Brian Mast (R),
John Moolenaar (R),
Troy Nehls (R),
Ilhan Omar (D),
Chris Pappas (D),
Dean Phillips (D),
G.T. Thompson (R),
Derrick Van Orden (R),
Gabe Vasquez (D),
Rudy Yakym (R),
Last Action
Referred to the House Committee on Ways and Means. (on 09/10/2024)
Bill Topics
Macroeconomics
- ‐ Taxation, Tax Policy, and Tax Reform
Transportation
- ‐ Railroads and Railroad Safety
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/house-bill/9522/all-info | 09/11/2024 |
| BillText | https://www.congress.gov/118/bills/hr9522/BILLS-118hr9522ih.pdf | 09/17/2024 |
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