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Congress·In Committee·S. 1532

A bill to amend the Internal Revenue Code of 1986 to modify the railroad track maintenance credit.

Railroad Track Maintenance Tax Credit Increase

11 months ago·View on Congress.gov·Read full text
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Stalled

No legislative action in over 90 days.

↔Companion bill: Railroads: Tax Credits for Track Repairs

Legislative Progress

Senate
House
President
Law

Key Points

  • This bill increases a federal tax credit that helps smaller railroad companies pay for track repairs. The credit would jump from $3,500 to $6,100 for every mile of track they maintain.
  • Starting in 2026, the credit amount would automatically increase each year to keep up with inflation. This helps ensure the tax break stays useful even as the cost of steel, wood, and labor goes up.
  • These smaller 'short-line' railroads are vital for rural areas, connecting local farms and factories to the national rail network. Better tracks mean fewer accidents and more reliable shipping for goods.
  • The new rules would apply to money spent on repairs starting in 2025. By making it cheaper to fix tracks, the bill aims to improve the safety and efficiency of the nation's transportation infrastructure.

Impact Analysis

Govbase has not yet run an impact analysis on this legislation.

Milestones

2 milestones2 actions
Apr 30, 2025Senate

Read twice and referred to the Committee on Finance.

Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.

Apr 30, 2025

Introduced in Senate

The bill was officially filed and given a number. It now enters the legislative queue.

Votes

No votes have been recorded for this legislation yet.

News

No related news coverage found for this legislation yet.

Related Bills

1 bill
H.R. 516Identical bill

To amend the Internal Revenue Code of 1986 to modify the railroad track maintenance credit.

Jan 16 — Referred to the House Committee on Ways and Means.

Source Information

Document Type

Congressional Bill

Official Title

A bill to amend the Internal Revenue Code of 1986 to modify the railroad track maintenance credit.

Bill NumberS 1532
Congress119th Congress
ChamberSenate
Latest ActionRead twice and referred to the Committee on Finance.
Read Full Bill Text

Sponsor

Cosponsors

(40)
D: 15R: 24I: 1

Analysis generated by AI. Always verify with official sources.