Infrastructure Tax Credit
U.S. Senate Bill Offers Incentives for 'Track Where No Track Has Gone Before'
A bill introduced in the U.S. Senate would give a substantial boost to new investment in our nation's freight rail infrastructure. This investment will lead to a stronger industry with stronger employment opporunities and a healthier railroad retirement system. It will also benefit the public.
The Freight Rail Infrastructure Capacity Expansion Act (S. 3742) would give a 25 percent tax credit to businesses that invest in new freight rail infrastructure property that expands rail capacity. This would give railroads, shippers, and others incentives to lay new 'track where no track has gone before.' The bill would also put railroads on equal footing with trucking companies and barges by allowing railroads to 'expense' their infrastructure spending.
Examples of projects eligible for the credit include raising tunnel clearances to accommodate double-stacked containers, constructing new intermodal terminals, upgrading single track lines to double or triple track, etc.
Read through the links below to find out more about S. 3742.
Click here to tell your legislators to support this important legislation.
- Benefits of the ITC
Increased investment in rail will benefit rail employees and retirees, motorists, taxpayers, the environment, local businesses, railroads, and others.
- Questions & Answers
Answers to frequently asked questions and a place to submit your own questions.
- ITC in the News
Articles, editorials, and other media coverage of the ITC.
- Track the ITC's Progress
See a list of current cosponsors and links to the text of the bill and legislative history.
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