Freight RAILCAR Act of 2025
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Sponsors
- 69
- Latest action
- Feb 11, 2025
What it does
The Freight RAILCAR Act of 2025 would create a new tax credit under the Internal Revenue Code to incentivize the replacement or modernization of outdated freight railcars by allowing taxpayers to claim a credit equal to 10 percent of their qualifying freight railcar fleet modernization expenses. The credit applies to qualified newly built replacement railcars and modernization expenditures, with a limit of no more than 1,000 qualified freight railcars per taxpayer per year, and includes rules to prevent double benefits, require basis adjustments, and exclude entities ineligible for federal rail contracts. The credit would terminate three years after enactment, and the Treasury Secretary…
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
Where it goes next
While a bill can still move, the questions are about people and money.