HR 3081
107th Congress
House
Taxation
Business income tax
Commerce
Income tax
Railroad maintenance and repair
Tax credits
Transportation and Public Works
To amend the Internal Revenue Code of 1986 to provide a credit against income tax for expenditures for the maintenance of railroad tracks of Class II and Class III railroads.
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 10, 2001
Referred to the House Committee on Ways and Means.
Oct 10, 2001
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to establish a railroad track maintenance credit for qualified railroad track maintenance expenditures of up to $4,000 per mile annually of railroad track with respect to which the expenditures were paid or incurred by the taxpayer for the taxable year for Class II or Class III railroads.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1