S. 1125 · 110th Congress
Freight Rail Infrastructure Capacity Expansion Act of 2007
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Never voted on. It didn't reach a floor vote before the 110th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
LottSponsor18 cosponsors · 7 D, 11 R
R
Cochran
KC
D
Conrad
MC
R
Crapo
LG
R
Graham
CH
R
Hagel
JI
R
Isakson
ML
D
Landrieu
BN
D
Nelson
TS
R
Stevens
GS
R
Smith
BN
D
Nelson
KS
D
Salazar
NC
R
Coleman
BC
D
Casey
RB
R
Burr
AS
R
Specter
BL
D
Lincoln
RW
R
Wicker10 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
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…
What it does: CRS summary · Introduced in Senate · Apr 17, 2007
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Freight Rail Infrastructure Capacity Expansion Act of 2007
Latest action (Apr 17, 2007): Read twice and referred to the Committee on Finance.
Policy area: Taxation · Origin: Senate · Introduced: Apr 17, 2007
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.