Freight RAILCAR Act of 2020
Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.
Freight Rail Assistance and Investment to Launch Coronavirus-era Activity and Recovery Act of 2020 or the Freight RAILCAR Act of 2020
This bill establishes a new tax credit for the replacement and modernization of qualified freight railcars. Specifically, it allows a credit for 50% of the sum of the qualifying replacement or modernization amount, the qualifying scrap amount, and the qualifying railcar facility and technology modernization amount.
The bill defines qualified freight railcar as a freight railcar that meets significant improvement requirements for capacity, fuel efficiency, or performance.
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. 8082: Freight RAILCAR Act of 2020. 116th Congress. Open America. https://openamerica.io/bill/116-HR-8082/
"H.R. 8082: Freight RAILCAR Act of 2020." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-8082/.
H.R. 8082, 116th Cong. (2026), https://openamerica.io/bill/116-HR-8082/.
[H.R. 8082: Freight RAILCAR Act of 2020](https://openamerica.io/bill/116-HR-8082/)