H.R.7902: Freight RAILCAR Act of 2022

About This Bill

Bill Version

Bill Summary

Freight Rail Assistance and Investment to Launch Coronavirus-Era Activity and Recovery Act of 2022 or the Freight RAILCAR Act of 2022 This bill provides a new tax credit through 2024 for 10% of freight railcar fleet modernization expenses (i.e., railcar replacement and modernization expenses for meeting fuel efficiency and performance standards). The bill provides that no more than 2,000 freight railcars per taxpayer may be taken into account...

(Source: Library of Congress)

Bill Actions

Date Description
May 27, 2022
Referred to the House Committee on Ways and Means.
May 27, 2022

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

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