H.R. 4494 · 111th Congress

To amend the Internal Revenue Code of 1986 to allow a credit for lightweight coal freight cars.

Stage
In committee
Introduced
2010-01-21
Latest action
2010-01-21 · Introduced in House

Summary

Amends the Internal Revenue Code to allow a general business tax credit for 30% of the basis of an eligible lightweight coal freight car. Defines "eligible lightweight coal freight car" as any freight car: (1) designed to carry coal by rail; (2) the tare weight of which does not exceed 50,000 pounds; and (3) substantially all of the manufacturing of which occurred in the United States. Terminates such credit after 2013.