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- H.R.2116
H.R.2116: Freight Rail Infrastructure Capacity Expansion Act of 2007
About This Bill
- This bill was introduced in the 110th Congress
- This bill is primarily about taxation
- Introduced May 2, 2007
- Latest Major Action May 2, 2007
- See the four similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
81 (33 Democrats, 49 Republicans)
Bill Summary
Freight Rail Infrastructure Capacity Expansion Act of 2007 - Amends the Internal Revenue Code to allow: (1) a tax credit for 25% of the cost of new qualified freight rail infrastructure property and qualified locomotive property; and (2) a taxpayer election to expense the cost of qualified freight rail infrastructure property (i.e., deduct all costs in the current taxable year). Terminates such credit and expensing election after 2012.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Ways and Means.
|
|
| May 2, 2007 |
Introduced in the House by Kendrick B. Meek (D-Fla.) |