Building Rail Access for Customers and the Economy Act

S. 407 · 115th Congress · Feb 16, 2017 · Lineage

A BILL

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

This Act may be cited as the “Building Rail Access for Customers and the Economy Act”.

(a)

In general— Section 45G(f) of the Internal Revenue Code of 1986 is amended by striking “, and before January 1, 2017”.

(b)

Effective date— The amendment made by subsection (a) shall apply to expenditures paid or incurred in taxable years beginning after December 31, 2016.

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Feb 16, 2017viewing Introduced in Senate Mr. Crapo (for himself, Ms. Stabenow, Mr. Inhofe, Mr. Wyden, Mr. Moran, Mr. Schumer, Mr. Wicker, Mr. Casey, Mr. Roberts, Mr. Blumenthal, Mr. Isakson, Mr. Heller, and Mr. Thune) introduced the following bill; which was read twice and referred to the Committee on Finance