Freight RAILCAR Act of 2025

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 2758 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 2758 To amend the Internal Revenue Code of 1986 to provide a tax credit to encourage the replacement or modernization of inefficient, outdated freight railcars, and for other purposes. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES September 10, 2025 Mr. Banks (for himself and Mr. Coons) introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to provide a tax credit to encourage the replacement or modernization of inefficient, outdated freight railcars, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Freight Rail Assets Investment to Launch Commercial Activity Revitalization Act of 2025'' or the ``Freight RAILCAR Act of 2025''. SEC. 2. FREIGHT RAILCAR MODERNIZATION CRED…