3.0.0 2091 2019-02-20T21:02:25Z 2019-02-24T00:36:01Z House H HR 2011-06-02 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. BOSWELL:H.R. 2091.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8, Clauses 1 and 3 of the United StatesConstitution[Page H3986]]]> hswm00 Ways and Means Committee House Standing Referred to 2011-06-02T14:02:25Z 2011-06-02 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2011-06-02 Introduced in House IntroReferral Intro-H 9 Library of Congress 2011-06-02 Introduced in House IntroReferral 1000 9 Library of Congress B000652 Rep. Boswell, Leonard L. [D-IA-3] LEONARD BOSWELL D IA L. 3 N B001231 Rep. Berkley, Shelley [D-NV-1] SHELLEY BERKLEY D NV 1 2011-07-06 False L000565 Rep. Loebsack, David [D-IA-2] David Loebsack D IA 2 2011-07-06 False T000465 Rep. Tsongas, Niki [D-MA-5] Niki Tsongas D MA 5 2011-07-06 False W000793 Rep. Wu, David [D-OR-1] DAVID WU D OR 1 2011-07-06 False H000712 Rep. Holden, Tim [D-PA-17] TIM HOLDEN D PA 17 2011-07-06 False M000312 Rep. McGovern, James P. [D-MA-3] JAMES MCGOVERN D MA P. 3 2011-07-12 False J000126 Rep. Johnson, Eddie Bernice [D-TX-30] EDDIE JOHNSON D TX BERNICE 30 2011-07-18 False C001081 Rep. Critz, Mark S. [D-PA-12] Mark Critz D PA S. 12 2011-07-21 False E000290 Rep. Edwards, Donna F. [D-MD-4] Donna Edwards D MD F. 4 2011-07-26 False K000172 Rep. Kildee, Dale E. [D-MI-5] DALE KILDEE D MI E. 5 2011-08-01 False M001154 Rep. Miller, Brad [D-NC-13] Brad Miller D NC 13 2011-09-22 False P000523 Rep. Price, David E. [D-NC-4] DAVID PRICE D NC E. 4 2012-04-17 False Taxation Business investment and capital Income tax credits Income tax deductions Infrastructure development Railroads Taxation 00 2011-06-02 Introduced in House 2011-07-08T12:06:35Z Freight Rail Infrastructure Capacity Expansion Act of 2011 - Amends the Internal Revenue Code to allow: (1) a tax credit for 25% of the cost of new qualified freight rail infrastructure property and qualified locomotive property, and (2) a taxpayer election to expense the cost of qualified freight rail infrastructure property (i.e., deduct all costs in the current taxable year). Terminates such credit and expensing election after 2016.

Requires compliance with federal wage rate requirements under the Davis-Bacon Act as a condition of eligibility for the tax credit and expensing allowance provided by this Act.

]]> Freight Rail Infrastructure Capacity Expansion Act of 2011 Short Titles as Introduced Freight Rail Infrastructure Capacity Expansion Act of 2011 Display Title Freight Rail Infrastructure Capacity Expansion Act of 2011 Official Title as Introduced To amend the Internal Revenue Code of 1986 to provide incentives to encourage investment in the expansion of freight rail infrastructure capacity and to enhance modal tax equity. Introduced in House 2011-06-02T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr2091ih/xml/BILLS-112hr2091ih.xml 2011-06-02 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.