HR 510
116th Congress
House
Taxation
Business investment and capital
Income tax credits
Railroads
BRACE Act of 2019
Introduced: January 11, 2019
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 11, 2019
Referred to the House Committee on Ways and Means.
Jan 11, 2019
Introduced in House
Plain-English summary
Building Rail Access for Customers and the Economy Act of 2019 or the BRACE Act of 2019
This bill permanently extends the tax credit for railroad track maintenance. The extension applies to expenditures paid or incurred during tax years beginning after 2017. Assignments of miles of railroad track, including related expenditures, for tax years ending after 2017 must be treated as timely if they are made pursuant to a written agreement entered into within 90 days of the enactment of this bill.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1