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Short Line Railroad Rehabilitation and Investment Act of 2015

1/11/2023, 1:27 PM

Congressional Summary of S 637

Short Line Railroad Rehabilitation and Investment Act of 2015

Amends the Internal Revenue Code, with respect to the tax credit for railroad track maintenance, to: (1) expand the types of maintenance expenditures eligible for such credit, and (2) extend such credit through 2016.

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Current Status of Bill S 637

Bill S 637 is currently in the status of Bill Introduced since March 3, 2015. Bill S 637 was introduced during Congress 114 and was introduced to the Senate on March 3, 2015.  Bill S 637's most recent activity was Read twice and referred to the Committee on Finance. as of March 3, 2015

Bipartisan Support of Bill S 637

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
54
Democrat Cosponsors
29
Republican Cosponsors
24
Unaffiliated Cosponsors
1

Policy Area and Potential Impact of Bill S 637

Primary Policy Focus

Taxation

Potential Impact Areas

- Income tax credits
- Railroads

Alternate Title(s) of Bill S 637

Short Line Railroad Rehabilitation and Investment Act of 2015
A bill to amend the Internal Revenue Code of 1986 to extend and modify the railroad track maintenance credit.
Short Line Railroad Rehabilitation and Investment Act of 2015

Comments

Sponsors and Cosponsors of S 637

Mike Crapo
Mike Crapo
IdahoRepublican
Mark R. Warner
Mark R. Warner
VirginiaDemocrat
Ron Wyden
Ron Wyden
OregonDemocrat
Roger F. Wicker
Roger F. Wicker
MississippiRepublican
Tom Udall
Tom Udall
New MexicoDemocrat
Jon Tester
Jon Tester
MontanaDemocrat

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