HR 2116 · 110th Congress · Taxation

Freight Rail Infrastructure Capacity Expansion Act of 2007

Introduced 2007-05-02· Sponsored by Rep. Meek, Kendrick B. [D-FL-17]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2007-05-02)

Plain Language Summary

[AI summary unavailable — showing source text] 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 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (20)

6 Democrats14 Republicans
Rep. Cantor, Eric [R-VA-7]VA
Rep. Crenshaw, Ander [R-FL-4]FL
Rep. Space, Zachary T. [D-OH-18]OH
Rep. Tiberi, Patrick J. [R-OH-12]OH
Rep. Shuster, Bill [R-PA-9]PA
Rep. Ramstad, Jim [R-MN-3]MN
Rep. Nunes, Devin [R-CA-21]CA
Rep. Lewis, Ron [R-KY-2]KY
Rep. Brady, Kevin [R-TX-8]TX
Rep. LaTourette, Steven C. [R-OH-14]OH
Rep. Schakowsky, Janice D. [D-IL-9]IL
Rep. Kanjorski, Paul E. [D-PA-11]PA
Rep. Regula, Ralph [R-OH-16]OH
Rep. Carnahan, Russ [D-MO-3]MO
Rep. Aderholt, Robert B. [R-AL-4]AL
Rep. Bachus, Spencer [R-AL-6]AL
Rep. Walden, Greg [R-OR-2]OR
Rep. Clay, Wm. Lacy [D-MO-1]MO
Rep. Boozman, John [R-AR-3]AR
Rep. Peterson, Collin C. [D-MN-7]MN