Freight RAILCAR Act of 2021
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Mar 29, 2021)
Freight Rail Assistance and Investment to Launch Coronavirus-era Activity and Recovery Act of 2021 or the Freight RAILCAR Act of 2021
This bill provides a new tax credit for 50% of freight railcar fleet modernization expenses. The bill defines freight railcar fleet modernization expenses to include amounts for railcar replacement and modernization, railcar scrap amounts, and for railcar facility and technology modernization.
The Department of the Treasury must report to Congress on the credit to provide information on the number of times the credit was claimed and the number of railcars scrapped or built as a result of the credit.
What just happenedMar 29, 2021
Referred to the House Committee on Ways and Means.
Who’s behind it
- Introduced in HouseMar 29, 2021
- Mar 29, 2021IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Mar 29, 2021IntroReferralIntro-H
Introduced in House
- Mar 29, 2021IntroReferral1000
Introduced in House