[Congressional Record Volume 172, Number 49 (Wednesday, March 18, 2026)]
[Senate]
[Pages S1267-S1268]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 4542. Mr. WYDEN submitted an amendment intended to be proposed by 
him to the bill S. 1383, to establish the Veterans Advisory Committee 
on Equal Access, and for other purposes; which was ordered to lie on 
the table; as follows:

       At the appropriate place, insert the following:

     SEC. ___. MODIFICATION OF RAILROAD TRACK MAINTENANCE CREDIT.

       (a) Increase in Credit Amount.--
       (1) In general.--Section 45G(b)(1)(A) of the Internal 
     Revenue Code of 1986 is amended by striking ``$3,500'' and 
     inserting ``$6,100''.
       (2) Inflation adjustment.--Section 45G of such Code is 
     amended by adding at the end the following new subsection:
       ``(f) Inflation Adjustment.--
       ``(1) In general.--In the case of a taxable year beginning 
     after 2027, the $6,100 amount in subsection (b)(1)(A) shall 
     be increased by an amount equal to--
       ``(A) such dollar amount, multiplied by
       ``(B) the cost-of-living adjustment determined under 
     section 1(f)(3) for the calendar year in which the taxable 
     year begins, determined by substituting `calendar year 2026' 
     for `calendar year 2016' in subparagraph (A)(ii) thereof.
       ``(2) Rounding.--Any increase determined under paragraph 
     (1) which is not a multiple of $100 shall be rounded to the 
     nearest multiple of $100.''.
       (b) Qualified Railroad Track Maintenance Expenditures.--
     Section 45G(d) of the Internal Revenue Code of 1986 is 
     amended by striking ``January 1, 2015'' and inserting 
     ``January 1, 2026''.
       (c) Effective Date.--The amendments made by this section 
     shall apply to expenditures paid or incurred in taxable years 
     beginning after December 31, 2026.

[[Page S1268]]

  

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