HR 8082 · 116th Congress · Taxation

Freight RAILCAR Act of 2020

Introduced 2020-08-21· Sponsored by Rep. Schneider, Bradley Scott [D-IL-10]· 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.(2020-08-21)

Plain Language Summary

[AI summary unavailable — showing source text] Freight Rail Assistance and Investment to Launch Coronavirus-era Activity and Recovery Act of 2020 or the Freight RAILCAR Act of 2020 This bill establishes a new tax credit for the replacement and modernization of qualified freight railcars. Specifically, it allows a credit for 50% of the sum of the qualifying replacement or modernization amount, the qualifying scrap amount, and the qualifying railcar facility and technology modernization amount. The bill defines qualified freight railcar as a freight railcar that meets significant improvement requirements for capacity, fuel efficiency, or performance.…

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

Cosponsors (20)

10 Democrats10 Republicans
Rep. LaHood, Darin [R-IL-18]IL
Rep. Lipinski, Daniel [D-IL-3]IL
Rep. Crawford, Eric A. "Rick" [R-AR-1]AR
Rep. Blumenauer, Earl [D-OR-3]OR
Rep. Ferguson, A. Drew, IV [R-GA-3]GA
Rep. Williams, Roger [R-TX-25]TX
Del. San Nicolas, Michael F. Q. [D-GU-At Large]GU
Rep. Bonamici, Suzanne [D-OR-1]OR
Rep. Rouda, Harley [D-CA-48]CA
Rep. Bishop, Sanford D., Jr. [D-GA-2]GA
Rep. Phillips, Dean [D-MN-3]MN
Rep. Keller, Fred [R-PA-12]PA
Rep. Doyle, Michael F. [D-PA-18]PA
Rep. Baird, James R. [R-IN-4]IN
Rep. Hudson, Richard [R-NC-8]NC
Rep. Gohmert, Louie [R-TX-1]TX
Rep. Flores, Bill [R-TX-17]TX
Rep. Loebsack, David [D-IA-2]IA
Rep. Sewell, Terri A. [D-AL-7]AL
Rep. Weber, Randy K., Sr. [R-TX-14]TX