United States · Bill · S
S. 1125 (110th)
Freight Rail Infrastructure Capacity Expansion Act of 2007
Introduced
17 April 2007
Last action
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Status
Read twice and referred to the Committee on Finance.
Sponsors
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Subjects
Discovery layer
Source updated
5 December 2025
Summary
Freight Rail Infrastructure Capacity Expansion Act of 2007 - Amends the Internal Revenue Code to allow: (1) a tax credit for 25% of the cost of new qualified freight rail infrastructure property and new qualified locomotive property; and (2) a taxpayer election to expense the cost of qualified freight rail infrastructure property (i.e., deduct all costs in the current taxable year). Terminates such credit and expensing election after 2012.
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Versions
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate (text)
Introduced in Senate · EN · 17 April 2007
Introduced in Senate (PDF)
Introduced in Senate · EN · 17 April 2007
Introduced in Senate
summary · EN · 17 April 2007
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/110th-congress/senate-bill/1125
- Open data entity: https://api.congress.gov/v3/bill/110/s/1125