HR 516 · in committee · niche
To amend the Internal Revenue Code of 1986 to modify the railroad track maintenance credit.
- taxes
What this bill does
- This bill increases the annual tax credit limit for railroad track maintenance from $3,500 to $6,100 per mile of track.
- Short line railroads and other taxpayers claiming railroad maintenance expenses are affected by the expanded credit.
- The credit applies to track owned since January 1, 2024 instead of 2015, with amounts adjusted for inflation after 2025.
Generated by claude-haiku-4-5
Community Threads
Started by Cosponsor
- 01
How might increasing the tax credit from $3,500 to $6,100 per mile affect short line railroad maintenance and service in rural communities?
- 02
What evidence supports that the higher credit limit will incentivize track maintenance rather than simply reducing railroad tax obligations?
- 03
Who ultimately bears the cost of foregone federal tax revenue from this expanded credit, and what other priorities might compete for those funds?
Cosponsor writes these to seed civic discussion — they aren't user posts. Sign in to reply.
Sponsor · R-PA-16
Mike Kelly
Citizen cosponsors
0
In Congress
164/ 435
House Reps cosponsoring
Introduced 2025-01-16
Joining the bill
Mike Thompson
D-CA-4 · original
John R. Moolenaar
R-MI-2
Claudia Tenney
R-NY-24
Christopher H. Smith
R-NJ-4
Dusty Johnson
R-SD
Julia Brownley
D-CA-26
Darin LaHood
R-IL-16
Vicente Gonzalez
D-TX-34
Sheila Cherfilus-McCormick
D-FL-20
Troy E. Nehls
R-TX-22
Rick W. Allen
R-GA-12
Rudy Yakym III
R-IN-2
+ 152 more
Legislative timeline
2025-01-16 · house · IntroReferral
Referred to the House Committee on Ways and Means.
2025-01-16 · IntroReferral
Introduced in House
2025-01-16 · IntroReferral
Introduced in House
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