S. 3749 · 111th Congress
Freight Rail Infrastructure Capacity Expansion Act of 2010
- Stage
- In committee
- Sponsor
- Kent Conrad
- Introduced
- 2010-08-05
- Latest action
- 2010-08-05 · Introduced in Senate
Summary
Freight Rail Infrastructure Capacity Expansion Act of 2010 - Amends the Internal Revenue Code to allow: (1) a tax credit for 25% of the cost of new qualified freight rail infrastructure property and qualified locomotive property; and (2) a taxpayer election to expense the cost of qualified freight rail infrastructure property (i.e., deduct all costs in the current taxable year). Terminates such credit and expensing election after 2015.