[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[S. 2595 Introduced in Senate (IS)]

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114th CONGRESS
  2d Session
                                S. 2595

 To amend the Internal Revenue Code of 1986 to permanently extend the 
                   railroad track maintenance credit.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           February 25, 2016

Mr. Crapo (for himself, Mr. Wyden, Mr. Moran, Mr. Schumer, Mr. Isakson, 
 Mr. Casey, Mr. Blumenthal, and Mr. Roberts) introduced the following 
  bill; which was read twice and referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to permanently extend the 
                   railroad track maintenance credit.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Building Rail Access for Customers 
and the Economy Act''.

SEC. 2. EXTENSION OF THE RAILROAD TRACK MAINTENANCE CREDIT.

    (a) In General.--Section 45G(f) of the Internal Revenue Code of 
1986 is amended by striking ``, and before January 1, 2017''.
    (b) Effective Date.--The amendment made by subsection (a) shall 
apply to expenditures paid or incurred in taxable years beginning after 
December 31, 2016.
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