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Feb. 1, 2017 -A bill that would make permanent the short-line track maintenance tax credit known as 45G was introduced this week in the U.S. House of Representatives, the American Short Line and Regional Railroad Association (ASLRRA) announced yesterday.
The Building Rail Access for Customers and the Economy (BRACE) Act (H.R. 721) was introduced by U.S. Reps. Lynn Jenkins (R-Kan.), Earl Blumenauer (D-Ore.), Rodney Davis (R-Ill.) and Dan Lipinski (D-Ill.)
If passed, the legislation would allow small railroads to spend more of their revenue rehabilitating infrastructure, according to an ASLRRA press release.
Continue reading “Short-line tax credit bill reintroduced in Congress”