3.0.0 9522 2025-02-20T16:53:05Z 2025-02-20T16:53:05Z House H HR 2024-09-10 118 <pre>[Congressional Record Volume 170, Number 140 (Tuesday, September 10, 2024)][House]From the Congressional Record Online through the Government Publishing Office [<a href="https://www.gpo.gov">www.gpo.gov</a>]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]</pre> hswm00 Ways and Means Committee House Standing Referred To 2024-09-10T14:02:20Z 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 <p>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.</p><p>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.</p><p>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.&nbsp;</p>

Official Title as Introduced 6 2024-09-17T01:18:18Z Introduced in House IH Display Title 45 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 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.