HR 346 · 93th Congress · Transportation and Public Works

To amend the Internal Revenue Code of 1954 to encourage the purchase and construction of railroad rolling stock by persons other then common carriers.

Introduced 1973-01-03· Sponsored by Rep. Broyhill, Joel T. [R-VA-10]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1973-01-03)

Plain Language Summary

[AI summary unavailable — showing source text] Allows an amortization deduction for income tax purposes to all taxpayers under the Internal Revenue Code of 1954 for the purchase and construction of railroad rolling stock (presently limited to taxpayers who are common carriers).…

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