A bill to amend the Internal Revenue Code of 1986 to modify the railroad track maintenance credit.
Sponsored By: Senator Crapo, Mike [R-ID]
Introduced
Summary
Increases the short-line railroad track maintenance tax credit. This bill would raise the per-mile limit and expand which track maintenance expenses qualify, while adding a long-term inflation adjustment.
Show full summary
It would lift the base per-mile cap from $3,500 to $6,100 and use that higher amount to set the annual credit limit. The $6,100 figure would be adjusted for inflation for taxable years beginning after 2025 and rounded to the nearest $100. The bill would replace the old eligibility date so that gross maintenance expenses for tracks owned or leased as of January 1, 2024 count for the credit, instead of only tracks held as of January 1, 2015. These changes would apply to expenditures paid or incurred in taxable years beginning after December 31, 2024.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Larger rail maintenance tax credit
If enacted, rail carriers and contractors could use $6,100 instead of $3,500 as the base amount for the railroad track maintenance tax credit (Section 45G). This change would apply to expenses paid or incurred in taxable years beginning after December 31, 2024. For taxable years beginning after 2025, the $6,100 amount would be increased each year by the cost‑of‑living adjustment tied to section 1(f)(3), using calendar year 2024 for the first calculation. Any increase that is not a multiple of $100 would be rounded to the nearest $100. The bill would also change the date that defines qualifying track work from January 1, 2015 to January 1, 2024.
Sponsors & CoSponsors
Sponsor
Crapo, Mike [R-ID]
ID • R
Cosponsors
Sen. Hassan, Margaret Wood [D-NH]
NH • D
Sponsored 5/19/2025
Sen. Fischer, Deb [R-NE]
NE • R
Sponsored 6/11/2025
Dan Sullivan
AK • R
Sponsored 6/18/2025
Sen. Cotton, Tom [R-AR]
AR • R
Sponsored 7/14/2025
Raphael Warnock
GA • D
Sponsored 7/21/2025
John Boozman
AR • R
Sponsored 7/30/2025
John Hoeven
ND • R
Sponsored 9/8/2025
Mike Rounds
SD • R
Sponsored 9/11/2025
Amy Klobuchar
MN • D
Sponsored 9/16/2025
Sen. Heinrich, Martin [D-NM]
NM • D
Sponsored 9/16/2025
Sen. Scott, Tim [R-SC]
SC • R
Sponsored 9/16/2025
Sen. Husted, Jon [R-OH]
OH • R
Sponsored 10/3/2025
Sen. Bennet, Michael F. [D-CO]
CO • D
Sponsored 10/7/2025
Sen. Coons, Christopher A. [D-DE]
DE • D
Sponsored 10/15/2025
Shelley Capito
WV • R
Sponsored 10/15/2025
Sen. Luján, Ben Ray [D-NM]
NM • D
Sponsored 10/16/2025
Sen. Wyden, Ron [D-OR]
OR • D
Sponsored 4/30/2025
Sen. Thune, John [R-SD]
SD • R
Sponsored 5/1/2025
Sen. Cramer, Kevin [R-ND]
ND • R
Sponsored 5/5/2025
Sen. Moran, Jerry [R-KS]
KS • R
Sponsored 5/6/2025
Roger Wicker
MS • R
Sponsored 5/7/2025
Sen. Risch, James E. [R-ID]
ID • R
Sponsored 5/8/2025
Cindy Hyde-Smith
MS • R
Sponsored 5/15/2025
Sen. Marshall, Roger [R-KS]
KS • R
Sponsored 5/15/2025
Sen. Budd, Ted [R-NC]
NC • R
Sponsored 10/27/2025
Sen. Ossoff, Jon [D-GA]
GA • D
Sponsored 10/30/2025
Sen. Young, Todd [R-IN]
IN • R
Sponsored 11/5/2025
Sen. Daines, Steve [R-MT]
MT • R
Sponsored 11/19/2025
Sen. Tillis, Thomas [R-NC]
NC • R
Sponsored 11/19/2025
Sen. Gallego, Ruben [D-AZ]
AZ • D
Sponsored 11/19/2025
Sen. Justice, James C. [R-WV]
WV • R
Sponsored 12/10/2025
Peter Welch
VT • D
Sponsored 1/5/2026
Sen. King, Angus S., Jr. [I-ME]
ME • I
Sponsored 1/5/2026
Sen. Van Hollen, Chris [D-MD]
MD • D
Sponsored 1/5/2026
Markwayne Mullin
OK • R
Sponsored 1/12/2026
Sen. Blunt Rochester, Lisa [D-DE]
DE • D
Sponsored 1/30/2026
Sen. Smith, Tina [D-MN]
MN • D
Sponsored 3/9/2026
Charles Schumer
NY • D
Sponsored 3/17/2026
Sen. Moreno, Bernie [R-OH]
OH • R
Sponsored 3/23/2026
Sen. Graham, Lindsey [R-SC]
SC • R
Sponsored 3/26/2026
Katie Britt
AL • R
Sponsored 4/13/2026
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov