"Qualified new rail infrastructure expenditures"

Sec. 3. As used in this chapter, "qualified new rail infrastructure expenditures" means gross expenditures for new rail infrastructure, including: (1) construction of new track infrastructure such as industrial leads, switches, spurs, sidings, rail loading docks, and transloading structures, and engineering and site preparation involved with servicing new customer locations; (2) the expansion by a Class II or Class III railroad; or (3) construction of new track infrastructure involved with servicing new customer locations located in a qualified rural county. As added by P.L.173-2025, SEC.2.