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)

Close

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.

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: 2
  • Past Seven Days: 5
  • All-Time: 2,519
 
Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
01/06/09
 
 
 
 
 
 
 

Official Bill Text Comment on about 12 Pages

Sponsor

Kendrick Meek

D-

View Co-Sponsors (79)

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 expense
Close

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 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.

...Read the Rest


Latest Letters to Congress

See All Letters (1)
 


Vote on This Bill

100% Users Support Bill

5 in favor / 0 opposed
 

Send Your Rep a Letter

about this bill Support Oppose Tracking
Track with MyOC
Save to Notebook Make A Bill Widget

Recent OC Blog Articles

OpenCongress is a free and open-source project of the Participatory Politics Foundation, a 501(c)3 non-profit organization with a mission to increase civic engagement. The non-profit Sunlight Foundation is the Founding and Primary Supporter of OpenCongress.