Freight RAILCAR Act of 2025
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- Senate
- Sponsors
- 3
- Latest action
- Sep 10, 2025
What it does
The Freight RAILCAR Act of 2025 would create a new tax credit under the Internal Revenue Code to encourage the replacement or modernization of inefficient, outdated freight railcars by allowing taxpayers to claim a credit equal to 10 percent of their freight railcar fleet modernization expenses.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 taxable year, and includes provisions to prevent double benefits, adjust basis, and restrict eligibility for entities tied to state-owned enterprises. The credit would terminate three years after enactment and applies to…
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.