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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
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
54Democrat Cosponsors
29Republican Cosponsors
24Unaffiliated Cosponsors
1Policy Area and Potential Impact of Bill S 637
Primary Policy Focus
TaxationPotential 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
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