3.0.0
9522
2025-02-20T16:53:05Z
2025-02-20T16:53:05Z
House
H
HR
2024-09-10
118
[Congressional Record Volume 170, Number 140 (Tuesday, September 10, 2024)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. KELLY of Pennsylvania:H.R. 9522.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8, Clause 1The single subject of this legislation is:To amend the Internal Revenue Code of 1986 to modify therailroad track maintenance credit.[Page H5157]
- hswm00
Ways and Means Committee
House
Standing
  - Referred To
2024-09-10T14:02:20Z

- A bill to amend the Internal Revenue Code of 1986 to modify the railroad track maintenance credit.
118
5008
S
2024-09-10
Read twice and referred to the Committee on Finance.
  - Identical bill
CRS
- 2024-09-10
Referred to the House Committee on Ways and Means.
IntroReferral
H11100
2
House floor actions
  - hswm00
Ways and Means Committee
- 2024-09-10
Introduced in House
IntroReferral
Intro-H
9
Library of Congress
- 2024-09-10
Introduced in House
IntroReferral
1000
9
Library of Congress
- K000376
Rep. Kelly, Mike [R-PA-16]
Mike
Kelly
R
PA
16
N
- B000574
Rep. Blumenauer, Earl [D-OR-3]
Earl
Blumenauer
D
OR
3
2024-09-10
True
- Y000067
Rep. Yakym, Rudy [R-IN-2]
Rudy
Yakym
R
IN
2
2024-10-04
False
- C001125
Rep. Carter, Troy A. [D-LA-2]
Troy
Carter
D
LA
A.
2
2024-10-04
False
- N000026
Rep. Nehls, Troy E. [R-TX-22]
Troy
Nehls
R
TX
E.
22
2024-10-04
False
- P000616
Rep. Phillips, Dean [D-MN-3]
Dean
Phillips
D
MN
3
2024-10-04
False
- O000173
Rep. Omar, Ilhan [D-MN-5]
Ilhan
Omar
D
MN
5
2024-10-04
False
- J000301
Rep. Johnson, Dusty [R-SD-At Large]
Dusty
Johnson
R
SD
0
2024-10-04
False
- P000614
Rep. Pappas, Chris [D-NH-1]
Chris
Pappas
D
NH
1
2024-10-04
False
- B001275
Rep. Bucshon, Larry [R-IN-8]
Larry
Bucshon
R
IN
8
2024-10-18
False
- V000136
Rep. Vasquez, Gabe [D-NM-2]
Gabe
Vasquez
D
NM
2
2024-10-18
False
- M001199
Rep. Mast, Brian J. [R-FL-21]
Brian
Mast
R
FL
J.
21
2024-11-21
False
- V000135
Rep. Van Orden, Derrick [R-WI-3]
Derrick
Van Orden
R
WI
3
2024-11-21
False
- H001067
Rep. Hudson, Richard [R-NC-9]
Richard
Hudson
R
NC
9
2024-11-21
False
- B001285
Rep. Brownley, Julia [D-CA-26]
Julia
Brownley
D
CA
26
2024-11-21
False
- C001072
Rep. Carson, André [D-IN-7]
André
Carson
D
IN
7
2024-11-21
False
- F000462
Rep. Frankel, Lois [D-FL-22]
Lois
Frankel
D
FL
22
2024-11-21
False
- M001194
Rep. Moolenaar, John R. [R-MI-2]
John
Moolenaar
R
MI
R.
2
2024-12-03
False
- E000071
Rep. Ellzey, Jake [R-TX-6]
Jake
Ellzey
R
TX
6
2024-12-03
False
- C001127
Rep. Cherfilus-McCormick, Sheila [D-FL-20]
Sheila
Cherfilus-McCormick
D
FL
20
2024-12-03
False
- J000309
Rep. Jackson, Jonathan L. [D-IL-1]
Jonathan
Jackson
D
IL
L.
1
2024-12-10
False
- C001108
Rep. Comer, James [R-KY-1]
James
Comer
R
KY
1
2024-12-11
False
- T000467
Rep. Thompson, Glenn [R-PA-15]
Glenn
Thompson
R
PA
15
2024-12-18
False
Taxation
Taxation
2024-11-05T12:33:39Z
00
2024-09-10
Introduced in House
2025-02-20T16:52:45Z
This bill increases the annual limit on the tax credit for qualified railroad track maintenance expenses (also referred to as the short line railroad tax credit) and expands eligibility for claiming the credit.
Under current law, the tax credit is limited each tax year to $3,500 multiplied by the sum of the number of miles of railroad track owned or leased by the taxpayer (miles owned or leased) and the number of railroad track miles assigned to the taxpayer by a Class II or III railroad (miles assigned). This bill increases the annual limit to $6,100 multiplied by the sum of miles owned or leased and miles assigned. The $6,100 amount used in the calculation of the tax credit limit is adjusted for inflation for tax years beginning after 2025.
The bill also expands eligibility for the tax credit to include gross expenses for maintaining railroad tracks owned or leased as of January 1, 2024. Under current law, the tax credit is limited to gross expenses for maintaining railroad tracks owned or leased as of January 1, 2015.

To amend the Internal Revenue Code of 1986 to modify the railroad track maintenance credit.
- Official Title as Introduced
6

To amend the Internal Revenue Code of 1986 to modify the railroad track maintenance credit.
2024-09-17T01:18:18Z
Introduced in House
IH
- Display Title
45

To amend the Internal Revenue Code of 1986 to modify the railroad track maintenance credit.
2024-09-11T08:05:21Z
- Introduced in House
2024-09-10T04:00:00Z
  - https://www.govinfo.gov/content/pkg/BILLS-118hr9522ih/xml/BILLS-118hr9522ih.xml
2024-09-10
Referred to the House Committee on Ways and Means.
text/xml
EN
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