S. 1703 — Local Railroad Rehabilitation and Investment Act of 2003

Summary

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.

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Related Legislation

H.R. 876Local Railroad Rehabilitation and Investment Act of 2003
2003-02-25Referred to the House Committee on Ways and Means.
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Legislative Actions

2003-10-02
Introduced in Senate
2003-10-02
Sponsor introductory remarks on measure. (CR S12380-12381)
2003-10-02
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S12381)

Local Railroad Rehabilitation and Investment Act of 2003

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