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US S2595

US S2595
Building Rail Access for Customers and the Economy Act


summary

Introduced
02/25/2016
In Committee
02/25/2016
Crossed Over
Passed
Dead
01/03/2017

Introduced Session

114th Congress

Bill Summary

Building Rail Access for Customers and the Economy Act This bill amends the Internal Revenue Code to make permanent the tax credit for railroad track maintenance.

AI Summary

This bill, titled the Building Rail Access for Customers and the Economy Act, amends the Internal Revenue Code of 1986 to make a tax credit for railroad track maintenance permanent. The tax credit, currently set to expire, allows businesses to receive a credit for expenses related to maintaining railroad tracks, which is crucial for the efficient operation of the rail system. By making this credit permanent, the bill aims to provide long-term certainty and encourage ongoing investment in rail infrastructure, thereby supporting the economy and improving access for customers who rely on rail transportation.

Committee Categories

Budget and Finance

Sponsors (56)

Mike Crapo (R)* Lamar Alexander (R),  Kelly Ayotte (R),  Tammy Baldwin (D),  Richard Blumenthal (D),  Roy Blunt (R),  John Boozman (R),  Barbara Boxer (D),  Sherrod Brown (D),  Maria Cantwell (D),  Shelley Moore Capito (R),  Ben Cardin (D),  Bob Casey (D),  Thad Cochran (R),  Susan Collins (R),  Chris Coons (D),  Steve Daines (R),  Joe Donnelly (D),  Dianne Feinstein (D),  Al Franken (D),  Cory Gardner (R),  Kirsten Gillibrand (D),  Lindsey Graham (R),  Martin Heinrich (D),  Heidi Heitkamp (D),  John Hoeven (R),  James Inhofe (R),  Johnny Isakson (R),  Angus King (I),  Mark Kirk (R),  Amy Klobuchar (D),  Patrick Leahy (D),  Ed Markey (D),  Jeff Merkley (D),  Barbara Mikulski (D),  Jerry Moran (R),  Lisa Murkowski (R),  Chris Murphy (D),  Patty Murray (D),  Bill Nelson (D),  Rand Paul (R),  Gary Peters (D),  Jim Risch (R),  Pat Roberts (R),  Mike Rounds (R),  Chuck Schumer (D),  Jeanne Shaheen (D),  Debbie Stabenow (D),  Dan Sullivan (R),  Jon Tester (D),  John Thune (R),  Tom Udall (D),  David Vitter (R),  Elizabeth Warren (D),  Roger Wicker (R),  Ron Wyden (D), 

Last Action

Read twice and referred to the Committee on Finance. (on 02/25/2016)

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