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- S.1703
S.1703: Local Railroad Rehabilitation and Investment Act of 2003
About This Bill
- This bill was introduced in the 108th Congress
- This bill is primarily about taxation
- Introduced Oct. 2, 2003
- Latest Major Action Oct. 2, 2003
Bill Sponsor
Bill Cosponsors
18 (8 Democrats, 11 Republicans)
Bill Summary
Local Railroad Rehabilitation and Investment Act of 2003- Amends the Internal Revenue Code to establish a railroad track maintenance credit for qualified railroad track maintenance expenditures with respect to which the expenditures were paid or incurred by the taxpayer for the taxable year for Class II or Class III railroads.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
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Sponsor introductory remarks on measure.
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Read twice and referred to the Committee on Finance.
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| Oct. 2, 2003 |
Introduced in the Senate by Gordon Harold Smith (R-Ore.) |