Freight Rail Infrastructure Capacity Expansion Act of 2007
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Freight Rail Infrastructure Capacity Expansion Act of 2007 - 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.
Referred to the House Committee on Ways and Means.
- Introduced in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 2116: Freight Rail Infrastructure Capacity Expansion Act of 2007. 110th Congress. Open America. https://openamerica.io/bill/110-HR-2116/
"H.R. 2116: Freight Rail Infrastructure Capacity Expansion Act of 2007." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-HR-2116/.
H.R. 2116, 110th Cong. (2026), https://openamerica.io/bill/110-HR-2116/.
[H.R. 2116: Freight Rail Infrastructure Capacity Expansion Act of 2007](https://openamerica.io/bill/110-HR-2116/)