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S. 1703 · 108th Congress

Local Railroad Rehabilitation and Investment Act of 2003

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Never voted on. It didn't reach a floor vote before the 108th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

Local Railroad Rehabilitation and Investment Act of 2003- Amends the Internal Revenue Code to establish a railroad track maintenance credit for qualified railroad track maintenance expenditures with respect to which the expenditures were paid or incurred by the taxpayer for the taxable year for Class II or Class III railroads.

What it does: CRS summary · Introduced in Senate · Oct 2, 2003
Local Railroad Rehabilitation and Investment Act of 2003- Amends the Internal Revenue Code to establish a railroad track maintenance credit for qualified railroad track maintenance expenditures with respect to which the expenditures were paid or incurred by the taxpayer for the taxable year for Class II or Class III railroads.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Local Railroad Rehabilitation and Investment Act of 2003

Latest action (Oct 2, 2003): Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S12381)

Policy area: Taxation · Origin: Senate · Introduced: Oct 2, 2003

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.