United StatesHouse Bill 1200HR 1200
Freight RAILCAR Act of 2025
Taxation
10 pages
- house
- senate
- president
Last progress February 11, 2025 (9 months ago)
Introduced on February 11, 2025 by Darin Lahood
Sponsors (68)
House Votes
Pending Committee
February 11, 2025 (9 months ago)Referred to the House Committee on Ways and Means.
Senate Votes
Vote Data Not Available
Presidential Signature
Signature Data Not Available
AI Summary
This bill would change the federal tax code to create a new “freight railcar modernization credit.” It aims to encourage replacing or upgrading inefficient, outdated freight railcars by offering a tax credit for those investments. The bill adds a new section, “Sec. 45BB. Freight railcar modernization credit,” to spell out how the credit works.
Key points:
- Who is affected: Businesses that own freight railcars and invest in replacing or modernizing them.
- What changes: A new federal tax credit to help cover the cost of updating or replacing older freight railcars (new tax code section 45BB).
- When: The text provided shows the new section and purpose; specific timing details are not included in this excerpt.
Text Versions
Text as it was Introduced in House
ViewFebruary 11, 2025•10 pages
Amendments
No Amendments