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
- Sponsor
- Danny Davis
- 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.