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Bill · HR

H.R. 516 (119th)

To amend the Internal Revenue Code of 1986 to modify the railroad track maintenance credit.

Original

referredUnited States· United States Congress· EN

Introduced

16 January 2025

Last action

16 January 2025 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Mike Kelly, Mike Thompson, John Moolenaar, Rep. Allen, Rick W. [R-GA-12], Rep. Tenney, Claudia [R-NY-24], Rep. Johnson, Dusty [R-SD-At Large], Rep. Smith, Christopher H. [R-NJ-4], Rep. Yakym, Rudy [R-IN-2], Julia Brownley, Darin LaHood, Sheila Cherfilus-McCormick, Rep. Nehls, Troy E. [R-TX-22], Vicente Gonzalez, Rep. Hudson, Richard [R-NC-9], Bennie Thompson, Rep. Bost, Mike [R-IL-12], Rep. Biggs, Sheri [R-SC-3], Rep. Kelly, Trent [R-MS-1], Troy Carter, Rep. Guest, Michael [R-MS-3], Rep. Owens, Burgess [R-UT-4], Gabe Vasquez, Seth Moulton, Blake Moore, Glenn Thompson, Danny Davis, Rep. Mann, Tracey [R-KS-1], Jefferson Shreve, Bruce Westerman, Rep. Comer, James [R-KY-1], Emanuel Cleaver, Rep. Schmidt, Derek [R-KS-2], Michael Baumgartner, Celeste Maloy, Tim Moore, Kelly Morrison, Jack Bergman, Josh Riley, Rep. Miller, Carol D. [R-WV-1], Rep. Scott, Austin [R-GA-8], Rep. Webster, Daniel [R-FL-11], Rep. Hill, J. French [R-AR-2], Rep. Suozzi, Thomas R. [D-NY-3], Rep. Estes, Ron [R-KS-4], Eric Crawford, Laura Gillen, Betty McCollum, Rep. Bean, Aaron [R-FL-4], Rep. Dunn, Neal P. [R-FL-2], David Rouzer, Robin Kelly, Rep. Ellzey, Jake [R-TX-6], Jefferson Van Drew, Sanford Bishop, Mike Rogers, Sharice Davids, Nikki Budzinski, Rep. McCormick, Richard [R-GA-7], Ilhan Omar, Harold Rogers, Rep. Barr, Andy [R-KY-6], Rep. Messmer, Mark [R-IN-8], Terri Sewell, Dina Titus, Robert Bresnahan, Rep. Aderholt, Robert B. [R-AL-4], Steve Womack, Rep. Goldman, Craig [R-TX-12], Joseph Morelle, Tom Cole, Rep. Stauber, Pete [R-MN-8], Hillary Scholten, Rep. Gottheimer, Josh [D-NJ-5], John Garamendi, Rep. Huizenga, Bill [R-MI-4], Tom Barrett, Kristen McDonald Rivet, Rep. Taylor, David [R-OH-2], Salud Carbajal, Marc Veasey, Rep. Fischbach, Michelle [R-MN-7], Doug LaMalfa, Rep. Walberg, Tim [R-MI-5], Thomas Kean, Rep. Carter, Earl L. "Buddy" [R-GA-1], Rep. Rulli, Michael A. [R-OH-6], Rep. Fitzpatrick, Brian K. [R-PA-1], Sam Graves, Pat Fallon, Mariannette Miller-Meeks, Alma Adams, Nicholas Begich, Russell Fry, Darren Soto, Joe Wilson, Mike Haridopolos, Steve Cohen, Rep. Miller, Mary E. [R-IL-15], Rep. Lawler, Michael [R-NY-17], Adam Gray, Frank Lucas, Max Miller, Kim Schrier, Adrian Smith, Lois Frankel, Suzan DelBene, Roger Williams, Rep. Van Orden, Derrick [R-WI-3], Rep. Vindman, Eugene Simon [D-VA-7], Barry Loudermilk, Nathaniel Moran, Wesley Bell, Rep. Hern, Kevin [R-OK-1], August Pfluger, Eric Sorensen, Angie Craig, Cory Mills, Chris Pappas, James Baird, Josh Harder, Del. Norton, Eleanor Holmes [D-DC-At Large], Bradley Schneider, Mark Pocan, Linda Sánchez, Rep. Harris, Mark [R-NC-8], Becca Balint, Del. Plaskett, Stacey E. [D-VI-At Large], Rep. Meuser, Daniel [R-PA-9], Rep. Ezell, Mike [R-MS-4], April McClain Delaney, Lateefah Simon, Donald Norcross, Michael Simpson, John Mannion, Troy Balderson, Rep. Weber, Randy K. Sr. [R-TX-14], Joyce Beatty, Ralph Norman, Bonnie Watson Coleman, Rep. Rose, John W. [R-TN-6], Tim Burchett, Nicholas Langworthy, Rep. Babin, Brian [R-TX-36], Rep. Patronis, Jimmy [R-FL-1], André Carson, Jim Costa, Rick Larsen, Paul Tonko, Rep. Bacon, Don [R-NE-2], Rep. Wittman, Robert J. [R-VA-1], Rep. Cline, Ben [R-VA-6], Mike Carey, Ronny Jackson, Frederica Wilson, Janice Schakowsky, William Timmons, Nellie Pou, Paul Gosar, Julie Fedorchak, Rep. Hageman, Harriet M. [R-WY-At Large], Frank Mrvan, Shri Thanedar, Donald Davis, Rep. Finstad, Brad [R-MN-1], Shomari Figures, John Carter, Sarah McBride, Addison McDowell, Rep. Griffith, H. Morgan [R-VA-9], John Joyce, Robert Scott, Mario Diaz-Balart, Wesley Hunt, Kevin Kiley, Gabe Evans, Andy Harris, Mike Levin, Kevin Mullin, Rep. Guthrie, Brett [R-KY-2], David Valadao

Subjects

Taxation

Source updated

21 August 2026

Taxation

Official sourceDownload fileView documentsShare

Summary

This bill increases the annual limit on the tax credit for qualified railroad track maintenance expenses (also referred to as the short line railroad tax credit) and expands eligibility for claiming the credit. Under current law, the tax credit is limited each tax year to $3,500 multiplied by the sum of the number of miles of railroad track owned or leased by the taxpayer (miles owned or leased) and the number of railroad track miles assigned to the taxpayer by a Class II or III railroad (miles assigned). This bill increases the annual limit to $6,100 multiplied by the sum of miles owned or leased and miles assigned. The $6,100 amount used in the calculation of the tax credit limit is adjusted for inflation for tax years beginning after 2025. The bill also expands eligibility for the tax credit to include gross expenses for maintaining railroad tracks owned or leased as of January 1, 2024. Under current law, the tax credit is limited to gross expenses for maintaining railroad tracks owned or leased as of January 1, 2015.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 16 January 2025

    Introduced

    Introduced in House

    Source: IntroReferral

  2. 16 January 2025

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  3. 16 January 2025

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

2 official files

Sponsors

Related records

Sources

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