H.R.8082: Freight RAILCAR Act of 2020

About This Bill

Bill Version

Bill Summary

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...

(Source: Library of Congress)

Bill Actions

Date Description
Aug. 21, 2020
Referred to the House Committee on Ways and Means.
Aug. 21, 2020

Introduced in the House by Brad Schneider (D-Ill.)

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