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HR 4494 111th Congress House Taxation Coal Income tax credits Railroads

To amend the Internal Revenue Code of 1986 to allow a credit for lightweight coal freight cars.

Introduced: January 21, 2010 Introduced by: Davis, Danny K. Democratic · Illinois See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 21, 2010
Introduced in House
Jan 21, 2010
Referred to the House Committee on Ways and Means.
 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to allow a general business tax credit for 30% of the basis of an eligible lightweight coal freight car. Defines "eligible lightweight coal freight car" as any freight car: (1) designed to carry coal by rail; (2) the tare weight of which does not exceed 50,000 pounds; and (3) substantially all of the manufacturing of which occurred in the United States. Terminates such credit after 2013.

What's happening now January 21, 2010

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1