HR 6549 · 96th Congress · Taxation
A bill to provide a credit against income tax for expenditures to upgrade certain railroad property.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to House Committee on Ways and Means.(1980-02-20)
Plain Language Summary
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Amends the Internal Revenue Code to allow a nonrefundable income tax credit for expenditures made to upgrade railroad property acquired after December 31, 1979, from a railroad in reorganization under the Bankruptcy Act to specified standards established by the Federal Railroad Administration's Track Safety Standards.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (3)
1 Democrat2 Republicans