Freight Rail Infrastructure Capacity Expansion Act of 2007

To amend the Internal Revenue Code of 1986 to provide incentives to encourage investment in the expansion of freight rail infrastructure capacity and to enhance modal tax equity.

5/2/2007--Introduced.
Freight Rail Infrastructure Capacity Expansion Act of 2007 - Amends the Internal Revenue Code to allow:
(1) a tax credit for 25% of the cost of new qualified freight rail infrastructure property and qualified locomotive property; and
(2) a taxpayer election to expense the cost of qualified freight rail infrastructure property (i.e., deduct all costs in the current taxable year). Terminates such credit and expensing election after 2012.

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Sponsor

• Rep. Kendrick Meek [D, FL-17]
• and 80 Co-Sponsors
  • Rep. Robert Aderholt [R, AL-4]
  • Rep. W. Akin [R, MO-2]
  • Rep. Rodney Alexander [R, LA-5]
  • Rep. Jason Altmire [D, PA-4]
  • Rep. Michael Arcuri [D, NY-24]
  • Rep. Spencer Bachus [R, AL-6]
  • Rep. Jo Bonner [R, AL-1]
  • Rep. John Boozman [R, AR-3]
  • Rep. Leonard Boswell [D, IA-3]
  • Rep. Kevin Brady [R, TX-8]
  • Rep. Corrine Brown [D, FL-3]
  • Rep. Henry Brown [R, SC-1]
  • Rep. Vern Buchanan [R, FL-13]
  • Rep. Ken Calvert [R, CA-44]
  • Rep. Eric Cantor [R, VA-7]
  • Rep. Michael Capuano [D, MA-8]
  • Rep. Russ Carnahan [D, MO-3]
  • Rep. Christopher Carney [D, PA-10]
  • Rep. André Carson [D, IN-7]
  • Rep. William Clay [D, MO-1]
  • Rep. Emanuel Cleaver [D, MO-5]
  • Rep. Ander Crenshaw [R, FL-4]
  • Rep. Henry Cuellar [D, TX-28]
  • Rep. Artur Davis [D, AL-7]
  • Rep. Peter DeFazio [D, OR-4]
  • Rep. Mario Diaz-Balart [R, FL-25]
  • Thelma Drake
  • Rep. John Duncan [R, TN-2]
  • Rep. Brad Ellsworth [D, IN-8]
  • Rep. Kirsten Gillibrand [D, NY-20]
  • Rep. Samuel Graves [R, MO-6]
  • Robin Hayes
  • Rep. Walter Herger [R, CA-2]
  • Rep. Baron Hill [D, IN-9]
  • Rep. Maurice Hinchey [D, NY-22]
  • Rep. Tim Holden [D, PA-17]
  • Rep. Timothy Johnson [R, IL-15]
  • Stephanie Jones
  • Rep. Paul Kanjorski [D, PA-11]
  • John Kuhl
  • Rep. Thomas Latham [R, IA-4]
  • Rep. Steven LaTourette [R, OH-14]
  • Ron Lewis
  • Rep. James Marshall [D, GA-8]
  • Rep. Doris Matsui [D, CA-5]
  • Rep. Patrick Mchenry [R, NC-10]
  • Rep. John Mica [R, FL-7]
  • Rep. Brad Miller [D, NC-13]
  • Rep. Candice Miller [R, MI-10]
  • Rep. Jeff Miller [R, FL-1]
  • Rep. Jerry Moran [R, KS-1]
  • Rep. James Moran [D, VA-8]
  • Rep. Sue Myrick [R, NC-9]
  • Rep. Devin Nunes [R, CA-21]
  • Rep. Ronald Paul [R, TX-14]
  • Rep. Collin Peterson [D, MN-7]
  • John Peterson
  • Charles Pickering
  • Rep. Joseph Pitts [R, PA-16]
  • Jon Porter
  • James Ramstad
  • Ralph Regula
  • Thomas Reynolds
  • Rep. Mike Ross [D, AR-4]
  • Rep. Janice Schakowsky [D, IL-9]
  • Rep. William Shuster [R, PA-9]
  • Rep. Albio Sires [D, NJ-13]
  • Rep. Louise Slaughter [D, NY-28]
  • Rep. Adrian Smith [R, NE-3]
  • Rep. Mark Souder [R, IN-3]
  • Rep. Zachary Space [D, OH-18]
  • Rep. Ellen Tauscher [D, CA-10]
  • Rep. Lee Terry [R, NE-2]
  • Rep. Patrick Tiberi [R, OH-12]
  • Rep. Michael Turner [R, OH-3]
  • Rep. Greg Walden [R, OR-2]
  • Rep. Lynn Westmoreland [R, GA-3]
  • Sen. Roger Wicker [R, MS]
  • Rep. Addison Wilson [R, SC-2]
  • Rep. David Wu [D, OR-1]
  close

Committees

• House Ways and Means

Amendments

This bill has no amendments.

Amendments to H.R.2116

Number	Status	Purpose

Bill Status

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Introduced		Voted on by House		Voted on by Senate		Considered By President		Bill Becomes Law
May 02, 2007

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All Bill Actions

• May 02, 2007: Referred to the House Committee on Ways and Means.
• Introduced on May 02, 2007.

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Related Bills:

• S.1125

Related Issue Areas:

• Taxation
• Income tax
• Railroad engineering
• Railroad freight operations
• 3 more
• Tax credits
• Tax deductions
• Transportation

Data from the Congressional Research Service

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In the News

September 07, 2007 Taxpayers bearing the burden of railroad track repairs

By Virginia Davis A Guest Viewpoint by Kenneth May in which he asked the public to contact federal representatives to support HR 2116/S1125, ...

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Source: Press & Sun-Bulletin, NY

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July 26, 2007 Rail freight capacity should be expanded

I urge you to support HR 2116/S. 1125. Please contact Senators Clinton and Schumer and your congressional representative and ask them to co-sponsor this ...

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Source: Press & Sun-Bulletin, NY

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June 22, 2007 Freight rail bill offers potential for future infrastructure ...

And a piece of legislation introduced in May by Meek and Cantor—HR 2116, The Freight Rail Infrastructure Act of 2007—promises to let not only railroads, ...

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Source: Logistics Management (subscription), MA

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Blog Coverage

December 04, 2008 Mystery Poll In the 20th (Updated) - New York Politics Capitol ...

... providing health care, education, memorial, and other benefits for veterans, to authorize major medical facility projects for the Department of Veterans Affairs, and for other purposes” (Source: vote-smart.org, HR 2116, 1999) ...

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Source: Capitol confidential

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August 15, 2008 Railroad reregulation does not pass muster with political group ...

(A piece of legislation introduced in May 2007—H.R. 2116, The Freight Rail Infrastructure Act of 2007—promises to let not only railroads, but all businesses, earn a tax credit for various investments in the railroad network’s ...

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April 24, 2008 Akhu Ikhtu: Deadly Flu Kits Around the World

Motion to suspend the Rules introduced by Stump, R-AZ, Bill introduced by Stearns, R-FL(Motion to suspend the rules agreed to 369-46 on 9/21/99)Bill Status: Bill Number: HR 2116 - 106th Congress (1999-2000)House Passage Vote: 09/21/1999 ...

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