H.R. 1789 · 111th Congress
Comprehensive Rail Infrastructure Investment Act of 2009
- Stage
- In committee
- Sponsor
- Corrine Brown
- Introduced
- 2009-03-30
- Latest action
- 2009-03-30 · Introduced in House
Summary
Comprehensive Rail Infrastructure Investment Act of 2009 - Amends the Internal Revenue Code to: (1) allow a tax credit through 2012 for 25% of the cost of new qualified freight rail infrastructure property and qualified locomotive property; (2) allow a taxpayer election through 2012 to expense the acquisition, construction, or erection costs of qualified freight rail infrastructure property; and (3) extend through 2012 the tax credit for qualified railroad track maintenance expenditures and modify requirements applicable to such expenditures.