Freight RAILCAR Act of 2020
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Aug 21, 2020)
Freight Rail Assistance and Investment to Launch Coronavirus-era Activity and Recovery Act of 2020 or the Freight RAILCAR Act of 2020
This bill establishes a new tax credit for the replacement and modernization of qualified freight railcars. Specifically, it allows a credit for 50% of the sum of the qualifying replacement or modernization amount, the qualifying scrap amount, and the qualifying railcar facility and technology modernization amount.
The bill defines qualified freight railcar as a freight railcar that meets significant improvement requirements for capacity, fuel efficiency, or performance.
What just happenedAug 21, 2020
Referred to the House Committee on Ways and Means.
Who’s behind it
- Introduced in HouseAug 21, 2020
- Aug 21, 2020IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Aug 21, 2020IntroReferralIntro-H
Introduced in House
- Aug 21, 2020IntroReferral1000
Introduced in House