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S 3742 109th Congress Senate

Freight Rail Infrastructure Capacity Expansion Act of 2006

Official title: A bill 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.

Introduced: July 26, 2006 See on congress.gov
Taxation CommerceIncome taxLeasesMinimum tax
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Railroad engineeringRailroad equipmentRailroad freight operationsTax creditsTax deductionsTransportation and Public Works
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This bill died when the 109th Congress ended
It never became law before the 109th Congress (2005–2006) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 26, 2006
Read twice and referred to the Committee on Finance.
Jul 26, 2006
Introduced in Senate
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 Latest action July 26, 2006

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Freight Rail Infrastructure Capacity Expansion Act of 2006 - 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 2011.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Republican 2
R
Crapo, Mike
Idaho · Jul 26, 2006
 R
Graham, Lindsey
South Carolina · Jul 26, 2006
Isakson, Johnny
· Jul 26, 2006
Cite this page click to expand
APA
U.S. Congress. (2026). S. 3742: Freight Rail Infrastructure Capacity Expansion Act of 2006. 109th Congress. Open America. https://openamerica.io/bill/109-S-3742/
MLA
"S. 3742: Freight Rail Infrastructure Capacity Expansion Act of 2006." 109th Congress, 2026, Open America, https://openamerica.io/bill/109-S-3742/.
Bluebook (legal)
S. 3742, 109th Cong. (2026), https://openamerica.io/bill/109-S-3742/.
Markdown link
[S. 3742: Freight Rail Infrastructure Capacity Expansion Act of 2006](https://openamerica.io/bill/109-S-3742/)
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