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United States · Bill · HR

H.R. 6549 (96th)

A bill to provide a credit against income tax for expenditures to upgrade certain railroad property.

referredUnited States· United States Congress· EN

Introduced

20 February 1980

Last action

Status

Referred to House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

7 February 2024

Summary

Amends the Internal Revenue Code to allow a nonrefundable income tax credit for expenditures made to upgrade railroad property acquired after December 31, 1979, from a railroad in reorganization under the Bankruptcy Act to specified standards established by the Federal Railroad Administration's Track Safety Standards.

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Documents

1 official file

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Sources

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