3.0.0 2289 2023-01-11T13:47:59Z 2023-01-11T13:47:59Z House HR 2021-03-29 117 [Congressional Record Volume 167, Number 58 (Monday, March 29, 2021)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. SCHNEIDER:H.R. 2289.Congress has the power to enact this legislation pursuantto the following:Article I[Page H1699]]]> hswm00 Ways and Means Committee House Standing Referred to 2021-03-29T14:31:20Z Freight RAILCAR Act of 2022 117 7902 HR 2022-05-27 Referred to the House Committee on Ways and Means. Related bill CRS 2021-03-29 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2021-03-29 Introduced in House IntroReferral Intro-H 9 Library of Congress 2021-03-29 Introduced in House IntroReferral 1000 9 Library of Congress S001190 Rep. Schneider, Bradley Scott [D-IL-10] Bradley Schneider D IL Scott 10 N L000585 Rep. LaHood, Darin [R-IL-18] Darin LaHood R IL 18 2021-03-29 True B000490 Rep. Bishop, Sanford D., Jr. [D-GA-2] SANFORD BISHOP D GA D. 2 2021-03-29 True B000574 Rep. Blumenauer, Earl [D-OR-3] EARL BLUMENAUER D OR 3 2021-03-29 True B001278 Rep. Bonamici, Suzanne [D-OR-1] Suzanne Bonamici D OR 1 2021-03-29 True C001087 Rep. Crawford, Eric A. "Rick" [R-AR-1] Eric Crawford R AR A. "Rick" 1 2021-03-29 True D000619 Rep. Davis, Rodney [R-IL-13] Rodney Davis R IL 13 2021-03-29 True G000552 Rep. Gohmert, Louie [R-TX-1] Louie Gohmert R TX 1 2021-03-29 True P000604 Rep. Payne, Donald M., Jr. [D-NJ-10] Donald Payne D NJ M. 10 2021-03-29 True S001185 Rep. Sewell, Terri A. [D-AL-7] Terri Sewell D AL A. 7 2021-03-29 True W000813 Rep. Walorski, Jackie [R-IN-2] Jackie Walorski R IN 2 2021-03-29 True W000814 Rep. Weber, Randy K., Sr. [R-TX-14] Randy Weber R TX K. 14 2021-03-29 True W000816 Rep. Williams, Roger [R-TX-25] Roger Williams R TX 25 2021-04-05 False N000026 Rep. Nehls, Troy E. [R-TX-22] Troy Nehls R TX E. 22 2021-05-07 False K000386 Rep. Katko, John [R-NY-24] John Katko R NY 24 2021-05-07 False F000465 Rep. Ferguson, A. Drew, IV [R-GA-3] A. Ferguson R GA Drew 3 2021-05-07 False R000575 Rep. Rogers, Mike D. [R-AL-3] Mike Rogers R AL 3 2021-05-07 False B001299 Rep. Banks, Jim [R-IN-3] Jim Banks R IN 3 2021-05-07 False G000377 Rep. Granger, Kay [R-TX-12] KAY GRANGER R TX 12 2021-05-11 False D000482 Rep. Doyle, Michael F. [D-PA-18] MIKE DOYLE D PA 18 2021-05-25 False H001067 Rep. Hudson, Richard [R-NC-8] Richard Hudson R NC 8 2021-05-25 False B001295 Rep. Bost, Mike [R-IL-12] Mike Bost R IL 12 2021-05-25 False G000061 Rep. Garcia, Mike [R-CA-25] Mike Garcia R CA 25 2021-05-25 False H001068 Rep. Huffman, Jared [D-CA-2] Jared Huffman D CA 2 2021-06-01 False M001157 Rep. McCaul, Michael T. [R-TX-10] Michael McCaul R TX T. 10 2021-06-01 False H001056 Rep. Herrera Beutler, Jaime [R-WA-3] Jaime Herrera Beutler R WA 3 2021-06-01 False G000594 Rep. Gonzales, Tony [R-TX-23] Tony Gonzales R TX 23 2021-06-08 False K000380 Rep. Kildee, Daniel T. [D-MI-5] Daniel Kildee D MI T. 5 2021-06-15 False K000188 Rep. Kind, Ron [D-WI-3] RON KIND D WI 3 2021-06-15 False P000613 Rep. Panetta, Jimmy [D-CA-20] Jimmy Panetta D CA 20 2021-06-22 False D000629 Rep. Davids, Sharice [D-KS-3] Sharice Davids D KS 3 2021-06-22 False S001156 Rep. Sánchez, Linda T. [D-CA-38] Linda Sánchez D CA T. 38 2021-06-22 False S001180 Rep. Schrader, Kurt [D-OR-5] Kurt Schrader D OR 5 2021-06-29 False B001298 Rep. Bacon, Don [R-NE-2] Don Bacon R NE 2 2021-07-21 False M001212 Rep. Moore, Barry [R-AL-2] Barry Moore R AL 2 2021-08-13 False B001291 Rep. Babin, Brian [R-TX-36] Brian Babin R TX 36 2021-08-23 False C001063 Rep. Cuellar, Henry [D-TX-28] Henry Cuellar D TX 28 2021-10-19 False M001186 Rep. Meijer, Peter [R-MI-3] Peter Meijer R MI 3 2022-03-31 False Taxation Business expenses Congressional oversight Energy efficiency and conservation Income tax credits Manufacturing Railroads Transportation safety and security Taxation 00 2021-03-29 Introduced in House 2021-07-26T16:57:44Z Freight Rail Assistance and Investment to Launch Coronavirus-era Activity and Recovery Act of 2021 or the Freight RAILCAR Act of 2021

This bill provides a new tax credit for 50% of freight railcar fleet modernization expenses. The bill defines freight railcar fleet modernization expenses to include amounts for railcar replacement and modernization, railcar scrap amounts, and for railcar facility and technology modernization.

The Department of the Treasury must report to Congress on the credit to provide information on the number of times the credit was claimed and the number of railcars scrapped or built as a result of the credit.

]]> Freight RAILCAR Act of 2021 Display Title Freight RAILCAR Act of 2021 Official Title as Introduced To amend the Internal Revenue Code of 1986 to provide a tax credit to encourage the replacement or modernization of inefficient, outdated freight railcars, and for other purposes. Introduced in House IH Short Title(s) as Introduced Freight RAILCAR Act of 2021 Introduced in House IH Short Title(s) as Introduced Freight Rail Assistance and Investment to Launch Coronavirus-era Activity and Recovery Act of 2021 Introduced in House IH Introduced in House 2021-03-29T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117hr2289ih/xml/BILLS-117hr2289ih.xml 2021-03-29 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.