Reported 8 days ago
Small U.S. railroads are focusing on securing the 45G tax credit and addressing truck weight limits as they seek federal support. The proposed bipartisan bill aims to increase the tax credit to $6,100 per mile, a significant jump from its longstanding rate, and expand qualified expenditures. Despite challenges, including a 40% turnover in Congress and a funding cut for CRISI grants, the American Short Line and Regional Railroad Association remains hopeful for advocacy outcomes, particularly during their upcoming lobbying efforts on Capitol Hill.
Source: YAHOO