Short Line Railroad Rehabilitation and Investment Act of 2015

Hozzl · 2023-01-11T13:27:55Z

Explore the details of Senate Bill 637 Short Line Railroad Rehabilitation and Investment Act of 2015 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

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

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 637

Primary Policy Focus

Taxation

Potential Impact Areas

Income tax creditsRailroads

Alternate Title(s) of Bill S 637

Short Line Railroad Rehabilitation and Investment Act of 2015A 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

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