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Short Line Railroad Relief Act
2/7/2024, 4:02 PM
Summary of Bill HR 3782
Bill 118 hr 3782, also known as the Short Line Railroad Relief Act, aims to provide relief and support to short line railroads in the United States. Short line railroads are smaller, local railroads that play a crucial role in transporting goods and passengers to and from larger railroads.
The bill proposes several measures to help short line railroads thrive and continue to operate efficiently. One key provision of the bill is the extension of the Short Line Railroad Rehabilitation and Investment Act (45 U.S.C. 244) through 2025. This act provides tax credits to short line railroads for track maintenance and upgrades, helping them improve safety and efficiency.
Additionally, the bill seeks to increase the tax credit cap for short line railroads from $3,500 per mile of track to $4,500 per mile of track. This increase in the tax credit cap will allow short line railroads to invest more in their infrastructure and make necessary improvements to their tracks. Furthermore, the bill includes provisions to streamline the process for short line railroads to apply for and receive tax credits. This will make it easier for short line railroads to access the financial support they need to maintain and upgrade their tracks. Overall, the Short Line Railroad Relief Act aims to support and strengthen short line railroads in the United States, ensuring that they can continue to play a vital role in the transportation of goods and passengers.
The bill proposes several measures to help short line railroads thrive and continue to operate efficiently. One key provision of the bill is the extension of the Short Line Railroad Rehabilitation and Investment Act (45 U.S.C. 244) through 2025. This act provides tax credits to short line railroads for track maintenance and upgrades, helping them improve safety and efficiency.
Additionally, the bill seeks to increase the tax credit cap for short line railroads from $3,500 per mile of track to $4,500 per mile of track. This increase in the tax credit cap will allow short line railroads to invest more in their infrastructure and make necessary improvements to their tracks. Furthermore, the bill includes provisions to streamline the process for short line railroads to apply for and receive tax credits. This will make it easier for short line railroads to access the financial support they need to maintain and upgrade their tracks. Overall, the Short Line Railroad Relief Act aims to support and strengthen short line railroads in the United States, ensuring that they can continue to play a vital role in the transportation of goods and passengers.
Congressional Summary of HR 3782
Short Line Railroad Relief Act
This bill authorizes the Department of Transportation to provide emergency grants or enter into contracts and other agreements for capital projects for short line railroads. A project must protect, repair, reconstruct, or replace short line railroad equipment and facilities in danger of suffering catastrophic damage, or that have suffered catastrophic damage, as a result of an emergency. An emergency includes a natural disaster affecting a wide area or a catastrophic failure from any external cause that results in the declaration of an emergency or a major disaster.
Current Status of Bill HR 3782
Bill HR 3782 is currently in the status of Bill Introduced since June 1, 2023. Bill HR 3782 was introduced during Congress 118 and was introduced to the House on June 1, 2023. Bill HR 3782's most recent activity was Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials. as of June 2, 2023
Bipartisan Support of Bill HR 3782
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
44Democrat Cosponsors
10Republican Cosponsors
34Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 3782
Primary Policy Focus
Transportation and Public WorksComments
Sponsors and Cosponsors of HR 3782
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