[Congressional Record (Bound Edition), Volume 156 (2010), Part 5]
[House]
[Page 6564]
[From the U.S. Government Publishing Office, www.gpo.gov]




                              {time}  1545
                        EXPIRATION OF 45G CREDIT

  (Mr. MORAN of Kansas asked and was given permission to address the 
House for 1 minute.)
  Mr. MORAN of Kansas. Mr. Speaker, for 7 years now, my colleague Mr. 
Pomeroy and I have worked to preserve transportation connections for 
communities that would be disconnected but for their short line and 
regional freight railroads. Our bill, H.R. 1132, which extends the 
section 45G short line railroad tax credit, is supported by 259 of our 
colleagues.
  Unfortunately for Kansas businesses that depend upon rail service, 
the 45G credit expired last year. As a result, small railroads like the 
Kansas & Oklahoma Railroad, the Kyle Railroad, and the Nebraska, Kansas 
& Colorado Railway are unable to maximize their infrastructure 
investments to best serve their customers. The 45G tax credit generates 
nearly 7 million good-paying track worker hours each year. More 
importantly, the tax credit helps farmers and coops in rural 
communities of Kansas move grain to food processors in Kansas City and 
manufacturers in Wichita to move steel and their finished goods to 
market.
  I rise today to express my hope that we can find a path forward to 
continue the economic development and sound transportation policy 
fostered by the tax provisions contained in H.R. 1132.

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