CONGRESS FOR VOTERS

Mike Crapo (R-ID)

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

S. 1532 · Senate bill Taxation

A Republican bill with 20 Democratic cosponsors · See all 50 cosponsors

Last activity — Read twice and referred to the Committee on Finance.

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 aims to amend the Internal Revenue Code of 1986 to change the railroad track maintenance credit. It proposes increasing the credit amount from $3,500 to $6,100. The bill also introduces an inflation adjustment mechanism for taxable years beginning after 2025. Additionally, it modifies the date for qualified railroad track maintenance expenditures. These changes are set to apply to expenditures incurred in taxable years starting after December 31, 2024.

Yes

  • Scored +1

    Would business owners be better off under this?

    The increased tax credit provides a direct financial benefit to businesses involved in railroad maintenance.

  • Scored +1

    Is this likely to grow the economy?

    The increased credit for railroad maintenance may provide a minor stimulus to the transportation infrastructure sector.

  • Scored +1

    Does this improve buses, trains and other public transport?

    The bill supports railroad track maintenance, which indirectly aids the efficiency of rail-based transit systems.

The opposite

No question was scored the opposite.