Legislators
Bills
Statements
Lobbying
Travel
- Bills
- H.R.272
H.R.272: Freight Rail Infrastructure Capacity Expansion Act of 2009
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about taxation
- Introduced Jan. 7, 2009
- Latest Major Action Jan. 7, 2009
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
79 (29 Democrats, 51 Republicans)
Bill Summary
Freight Rail Infrastructure Capacity Expansion Act of 2009 - 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.
|
|
Jan. 7, 2009 |
Introduced in the House by Kendrick B. Meek (D-Fla.) |