H.R.2116 - Freight Rail Infrastructure Capacity Expansion Act of 2007 Sponsor: Kendrick Meek / 110th Congress

Title
110th Congress - To amend the Internal Revenue Code of 1986 to provide incentives to encourage investment in the expansion of freight rail infrastructure capacity and to enhance modal tax equity. hidemore...
Summary
To amend the Internal Revenue Code of 1986 to provide incentives to encourage investment in the expansion of freight rail infrastructure capacity and to enhance modal tax equity. (by MAPLight.org)
Status
The bill has been introduced.

Contribution data provided by the Center for Responsive Politics (OpenSecrets.org)

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Increasing Investment for Our Railways by Joel Schlachet, Jul 28, 2008 (4:33pm)

HR 2116, the Freight Rail Infrastructure Capacity Expansion Act of 2007, provides a 25% tax credit for any business that makes investments in new railroad infrastructure, increasing the capacity that freight trains can ship.

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