S 1532 Re-checks Congress.gov for new actions and updates the bill's status, and fills in any sponsors, committees, or related bills that are missing. It does not re-pull sponsors/cosponsors/committees/related — those rarely change — and it skips all work if nothing has changed upstream, so it's cheap to click.
A bill to amend the Internal Revenue Code of 1986 to modify the railroad track maintenance credit.
To amend the Internal Revenue Code of 1986 to modify the railroad track maintenance credit.
Summary
This bill increases the railroad track maintenance tax credit from $3,500 to $6,100 per mile of track maintained by railroads. The bill adds automatic inflation adjustments to the credit amount for taxable years after 2025, which will be rounded to the nearest $100. It also updates the qualification date for railroad track maintenance expenditures from January 1, 2015 to January 1, 2024. The changes apply to expenditures paid or incurred in taxable years beginning after December 31, 2024.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Sen. Crapo, Mike [R-ID] (R-ID)
47 cosponsors
- Sen. Alsobrooks, Angela D. [D-MD] (D-MD)
- Sen. Bennet, Michael F. [D-CO] (D-CO)
- Sen. Blumenthal, Richard [D-CT] (D-CT)
- Sen. Blunt Rochester, Lisa [D-DE] (D-DE)
- Sen. Boozman, John [R-AR] (R-AR)
- Sen. Britt, Katie Boyd [R-AL] (R-AL)
- Sen. Budd, Ted [R-NC] (R-NC)
- Sen. Capito, Shelley Moore [R-WV] (R-WV)
- Sen. Coons, Christopher A. [D-DE] (D-DE)
- Sen. Cotton, Tom [R-AR] (R-AR)
- Sen. Cramer, Kevin [R-ND] (R-ND)
- Sen. Daines, Steve [R-MT] (R-MT)
- Sen. Fischer, Deb [R-NE] (R-NE)
- Sen. Gallego, Ruben [D-AZ] (D-AZ)
- Sen. Graham, Lindsey [R-SC] (R-SC)
- Sen. Hassan, Margaret Wood [D-NH] (D-NH)
- Sen. Heinrich, Martin [D-NM] (D-NM)
- Sen. Hoeven, John [R-ND] (R-ND)
- Sen. Husted, Jon [R-OH] (R-OH)
- Sen. Hyde-Smith, Cindy [R-MS] (R-MS)
- Sen. Justice, James C. [R-WV] (R-WV)
- Sen. King, Angus S., Jr. [I-ME] (I-ME)
- Sen. Klobuchar, Amy [D-MN] (D-MN)
- Sen. Luján, Ben Ray [D-NM] (D-NM)
- Sen. Marshall, Roger [R-KS] (R-KS)
- Sen. McConnell, Mitch [R-KY] (R-KY)
- Sen. McCormick, David [R-PA] (R-PA)
- Sen. Moran, Jerry [R-KS] (R-KS)
- Sen. Moreno, Bernie [R-OH] (R-OH)
- Sen. Mullin, Markwayne [R-OK] (R-OK)
- Sen. Murkowski, Lisa [R-AK] (R-AK)
- Sen. Ossoff, Jon [D-GA] (D-GA)
- Sen. Risch, James E. [R-ID] (R-ID)
- Sen. Rounds, Mike [R-SD] (R-SD)
- Sen. Schumer, Charles E. [D-NY] (D-NY)
- Sen. Scott, Tim [R-SC] (R-SC)
- Sen. Sheehy, Tim [R-MT] (R-MT)
- Sen. Smith, Tina [D-MN] (D-MN)
- Sen. Sullivan, Dan [R-AK] (R-AK)
- Sen. Thune, John [R-SD] (R-SD)
- Sen. Tillis, Thomas [R-NC] (R-NC)
- Sen. Van Hollen, Chris [D-MD] (D-MD)
- Sen. Warnock, Raphael G. [D-GA] (D-GA)
- Sen. Welch, Peter [D-VT] (D-VT)
- Sen. Wicker, Roger F. [R-MS] (R-MS)
- Sen. Wyden, Ron [D-OR] (D-OR)
- Sen. Young, Todd [R-IN] (R-IN)
Actions (2)
- Apr 30, 2025 Read twice and referred to the Committee on Finance. · senate
- Apr 30, 2025 Introduced in Senate
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Full text
IN THE SENATE OF THE UNITED STATES
April 30, 2025
Mr. Crapo (for himself and Mr. Wyden) introduced the following bill; which was read twice and referred to the Committee on Finance
A BILL
To amend the Internal Revenue Code of 1986 to modify the railroad track maintenance credit.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. MODIFICATION OF RAILROAD TRACK MAINTENANCE CREDIT.
(a) Increase in Credit Amount.—
(1) In general.—Section 45G(b)(1)(A) of the Internal Revenue Code of 1986 is amended by striking “$3,500” and inserting “$6,100”.
(2) Inflation adjustment.—Section 45G of such Code is amended by adding at the end the following new subsection:
“(f) Inflation Adjustment.—
“(1) In general.—In the case of a taxable year beginning after 2025, the $6,100 amount in subsection (b)(1)(A) shall be increased by an amount equal to—
“(A) such dollar amount, multiplied by
“(B) the cost-of-living adjustment determined under section 1(f)(3) for the calendar year in which the taxable year begins, determined by substituting ‘calendar year 2024’ for ‘calendar year 2016’ in subparagraph (A)(ii) thereof.
“(2) Rounding.—Any increase determined under paragraph
(1) which is not a multiple of $100 shall be rounded to the nearest multiple of $100.”.
(b) Qualified Railroad Track Maintenance Expenditures.—Section 45G(d) of the Internal Revenue Code of 1986 is amended by striking “January 1, 2015” and inserting “January 1, 2024”.
(c) Effective Date.—The amendments made by this section shall apply to expenditures paid or incurred in taxable years beginning after December 31, 2024. <all>
Comments