BRACE Act

1/11/2023, 1:32 PM

Building Rail Access for Customers and the Economy Act or the BRACE Act

This bill amends the Internal Revenue Code to make permanent the tax credit for railroad track maintenance.

Congress
114
Number
HR - 4626
Introduced on
2016-02-25
# Amendments
0
Sponsors
+5
Cosponsors
+5

Variations and Revisions

2/25/2016
Text
PDF
XML

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

Building Rail Access for Customers and the Economy Act or the BRACE Act

This bill amends the Internal Revenue Code to make permanent the tax credit for railroad track maintenance.

Alternative Names
Official Title as IntroducedTo amend the Internal Revenue Code of 1986 to permanently extend the railroad track maintenance credit.
Policy Areas
Taxation
Potential Impact
Business investment and capital•
Income tax credits•
Railroads

Comments

Related

Member:  
Tim Huelskamp
Member:  
Timothy J. Walz
Member:  
Lee M. Zeldin
Member:  
Filemon Vela
Member:  
Scott R. Tipton
Member:  
Kevin Yoder
Member:  
David Young
Member:  
Ed Whitfield
Member:  
Tom Reed
Member:  
Dennis A. Ross
Member:  
Lamar Smith
Member:  
Bill Shuster
Member:  
Louise McIntosh Slaughter
Member:  
David G. Reichert
Member:  
David P. Roe
Member:  
Todd Rokita
Member:  
Thomas J. Rooney
Member:  
David E. Price
Member:  
Richard M. Nolan
Member:  
Jared Polis
Member:  
Stevan Pearce
Member:  
Kristi L. Noem
Member:  
Mike Pompeo
Member:  
Robert Pittenger
Member:  
Bruce Poliquin
Member:  
Erik Paulsen
Member:  
Randy Neugebauer
Member:  
Ileana Ros-Lehtinen
Member:  
Luke Messer
Member:  
Billy Long
Member:  
Tom Marino
Member:  
Leonard Lance
Member:  
David Loebsack
Member:  
Patrick Meehan
Member:  
Mark Meadows
Member:  
John L. Mica
Member:  
Jerry McNerney
Member:  
Daniel Lipinski

Recent Activity

Latest Summary3/24/2016

Building Rail Access for Customers and the Economy Act or the BRACE Act

This bill amends the Internal Revenue Code to make permanent the tax credit for railroad track maintenance.

Latest Action2/25/2016
Referred to the House Committee on Ways and Means.