U.S. Congress - H.R.1806 Freight Rail Infrastructure Capacity Expansion Act of 2009
H.R.1806 - Freight Rail Infrastructure Capacity Expansion Act of 2009
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. view all titles (3)
All Bill Titles
- Short: Freight Rail Infrastructure Capacity Expansion Act of 2009 as introduced.
- Official: 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. as introduced.
- Official: Freight Rail Infrastructure Capacity Expansion Act of 2009 as introduced.
This Bill currently has no wiki content. If you would like to create a wiki entry for this bill, please Login, and then select the wiki tab to create it.
Bill's Views
- Today: 1
- Past Seven Days: 9
- All-Time: 2,832
|
|
|
|
|
|
|
|
Committees
Official Summary
3/31/2009--Introduced.Freight Rail Infrastructure Capacity Expansion Act of 2009 - 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 expenseOfficial Summary
3/31/2009--Introduced.Freight Rail Infrastructure Capacity Expansion Act of 2009 - 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 2015. Requires compliance with federal wage rate requirements under the Davis-Bacon Act as a condition of eligibility for the tax credit and expensing allowance provided by this Act.
...Read the Rest
Organizations Supporting H.R.1806
- Association of American Railroads
Organizations Opposing H.R.1806
- None via MapLight at this time.
See the money trail behind this bill for more info on how campaign contributions may be influencing senators' and representatives' votes.
Vote on This Bill
-
Share This Bill
More Share via Email
