A bill to amend the Internal Revenue Code of 1954 to provide that income from certain railroad rolling stock shall be treated as income from sources within the United States.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to provide that income earned from the use of certain railroad rolling stock leased to United States person for use within the United States with the only expected use of such rolling stock outside the United States to be in Canada or Mexico on a temporary basis shall be treated as income from sources within the United States for purposes of assessing income tax liability. Disallows tax credits for any payments made to foreign countries for the use of railroad rolling stock.…