U.S. Congress - H.R.272 Freight Rail Infrastructure Capacity Expansion Act of 2009
H.R.272 - 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 (2)
All Bill Titles
- 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.
- Short: Freight Rail Infrastructure Capacity Expansion Act of 2009 as introduced.
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Official Summary
1/7/2009--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
1/7/2009--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 2012.
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House Roll Call #272 Details - OpenCongress
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OpenCongress - U.S. Congress - H.R.272 To amend the Consumer Product Safety Improvement Act to exempt ordinary books and paper... Working... or Login with your OpenID. Click to ShowClick to Hide ... Or, if you know of a news article about this bill to disp
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