CONGRESS FOR VOTERS

Mike Kelly (R-PA)

To amend the Internal Revenue Code of 1986 to modify the railroad track maintenance credit.

H.R. 516 · House bill Taxation

A Republican bill with 70 Democratic cosponsors · See all 183 cosponsors

Last activity — Referred to the House Committee on Ways and Means.

In committee

Introduced and handed to a committee in the chamber it started in.

The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.

Its path through Congress

  1. Introduced
  2. In Committee

What this bill would do

This bill proposes changes to the Internal Revenue Code of 1986 regarding the railroad track maintenance credit. It seeks to increase the specific credit amount from $3,500 to $6,100. Additionally, the bill introduces a mechanism for an inflation adjustment for this credit amount for taxable years after 2025. It also modifies the date for qualified railroad track maintenance expenditures. These changes are intended to apply to expenditures incurred in taxable years beginning after December 31, 2024.

Yes

  • Scored +2

    Would business owners be better off under this?

    The bill provides a more substantial tax credit for railroad companies, benefiting their bottom line.

  • Scored +1

    Is this likely to grow the economy?

    The increased tax credit may incentivize railroad infrastructure investment which supports economic activity.

  • Scored +1

    Does this improve buses, trains and other public transport?

    The bill benefits the railroad industry, which is a key component of national transit infrastructure.

The opposite

No question was scored the opposite.