A bill to amend the Regional Rail Reorganization Act of 1973 in order to authorize and direct the Secretary of Transportation to make certain State and local tax payments on behalf on railroads in reorganization.
Local Tax Relief Act - Authorizes the Secretary of Transportation to pay overdue State and local real estate and personal property taxes by any railroad in reorganization.
Authorizes the appropriation of such sums as necessary to carry out the provisions of this Act.
Provides that this Act shall expire on December 31, 1978 without prejudice to the rights of the United States.
Referred to House Committee on Interstate and Foreign Commerce.
Introduced in Senate
Referred to Senate Committee on Commerce.
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