House Bill 838 - Freight RAILCAR Act of 2023

Purpose and Summary

Chamber: House

Introduced date: 2023-02-06

Recent Activity

Referred to the House Committee on Ways and Means.

Alternative Names

Freight RAILCAR Act of 2023

Freight RAILCAR Act of 2023

Freight Rail Assistance and Investment to Launch Coronavirus-era Activity and Recovery Act of 2023

To amend the Internal Revenue Code of 1986 to provide a tax credit to encourage the replacement or modernization of inefficient, outdated freight railcars, and for other purposes.

Associated Legislation

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Policy Areas

Taxation

Potential Impact

Sponsors and Supporters

Rep. LaHood, Darin [R-IL-16]

Cosponsors and Supporters

Rep. Schneider, Bradley Scott [D-IL-10]

Rep. Bacon, Don [R-NE-2]

Rep. Bishop, Sanford D., Jr. [D-GA-2]

Rep. Banks, Jim [R-IN-3]

Rep. Blumenauer, Earl [D-OR-3]

Rep. Carl, Jerry L. [R-AL-1]

Rep. Bonamici, Suzanne [D-OR-1]

Rep. Crawford, Eric A. "Rick" [R-AR-1]

Rep. Cuellar, Henry [D-TX-28]

Rep. Ellzey, Jake [R-TX-6]

Rep. Kildee, Daniel T. [D-MI-8]

Rep. Ferguson, A. Drew, IV [R-GA-3]

Rep. Panetta, Jimmy [D-CA-19]

Rep. Granger, Kay [R-TX-12]

Rep. Sánchez, Linda T. [D-CA-38]

Rep. Graves, Sam [R-MO-6]

Rep. Sewell, Terri A. [D-AL-7]

Rep. Gonzales, Tony [R-TX-23]

Rep. Titus, Dina [D-NV-1]

Rep. Hudson, Richard [R-NC-9]

Rep. Davids, Sharice [D-KS-3]

Rep. Hern, Kevin [R-OK-1]

Rep. Hunt, Wesley [R-TX-38]

Rep. McCaul, Michael T. [R-TX-10]

Rep. Moran, Nathaniel [R-TX-1]

Rep. Murphy, Gregory [R-NC-3]

Rep. Rogers, Mike D. [R-AL-3]

Rep. Williams, Roger [R-TX-25]

Rep. Van Duyne, Beth [R-TX-24]

Rep. Weber, Randy K., Sr. [R-TX-14]

Rep. Salinas, Andrea [D-OR-6]

Rep. Bice, Stephanie I. [R-OK-5]

Rep. Mann, Tracey [R-KS-1]

Rep. Valadao, David G. [R-CA-22]

Rep. Chavez-DeRemer, Lori [R-OR-5]

Rep. Bost, Mike [R-IL-12]

Rep. Nehls, Troy E. [R-TX-22]

Rep. Perez, Marie Gluesenkamp [D-WA-3]

Rep. Steube, W. Gregory [R-FL-17]

Rep. Trone, David J. [D-MD-6]

Rep. Westerman, Bruce [R-AR-4]

Rep. Feenstra, Randy [R-IA-4]

Rep. Luttrell, Morgan [R-TX-8]

Rep. Jackson, Ronny [R-TX-13]

Rep. Reschenthaler, Guy [R-PA-14]

Rep. Gooden, Lance [R-TX-5]

Rep. Kilmer, Derek [D-WA-6]

Rep. Garcia, Mike [R-CA-27]

Rep. Pfluger, August [R-TX-11]

Rep. Babin, Brian [R-TX-36]

Rep. Gottheimer, Josh [D-NJ-5]

Rep. Carey, Mike [R-OH-15]

Rep. Williams, Brandon [R-NY-22]

Rep. Bean, Aaron [R-FL-4]

Rep. Van Orden, Derrick [R-WI-3]

Rep. Craig, Angie [D-MN-2]

Rep. Duarte, John S. [R-CA-13]

Rep. Larsen, Rick [D-WA-2]

Committees and Subcommittees

Ways and Means Committee

Variations and Revisions

Derrick Van OrdenJohn S. Duarte

Freight RAILCAR Act of 2023

3/14/2024, 4:05 AM

Freight Rail Assistance and Investment to Launch Coronavirus-Era Activity and Recovery Act of 2023 or the Freight RAILCAR Act of 2023

This bill provides a new tax credit through 2025 for 10% of freight railcar fleet modern...

Congress
118

Number
HR - 838

Introduced on
2023-02-06

# Amendments
0

Sponsors
+5

Cosponsors
+5

Variations and Revisions

2/6/2023

Status of Legislation

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

Purpose and Summary

Freight Rail Assistance and Investment to Launch Coronavirus-Era Activity and Recovery Act of 2023 or the Freight RAILCAR Act of 2023

This bill provides a new tax credit through 2025 for 10% of freight railcar fleet modern...

Alternative Names
Official Title as IntroducedTo amend the Internal Revenue Code of 1986 to provide a tax credit to encourage the replacement or modernization of inefficient, outdated freight railcars, and for other purposes.

Policy Areas
Taxation

Comments

Recent Activity

Latest Summary3/21/2023

Freight Rail Assistance and Investment to Launch Coronavirus-Era Activity and Recovery Act of 2023 or the Freight RAILCAR Act of 2023

This bill provides a new tax credit through 2025 for 10% of freight railcar fleet modern...


Latest Action2/6/2023
Referred to the House Committee on Ways and Means.