S 1703
108th Congress
Senate
Taxation
Commerce
Income tax
Maintenance and repair
Railroad equipment
Railroads
Tax administration
Tax credits
Transportation and Public Works
Local Railroad Rehabilitation and Investment Act of 2003
Introduced: October 2, 2003
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 2, 2003
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S12381)
Oct 2, 2003
Sponsor introductory remarks on measure. (CR S12380-12381)
Oct 2, 2003
Introduced in Senate
Plain-English summary
Local Railroad Rehabilitation and Investment Act of 2003- Amends the Internal Revenue Code to establish a railroad track maintenance credit for qualified railroad track maintenance expenditures 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
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S12381)
Committees of jurisdiction
1