NE LB 1084

Author

Teresa Ibach
Room 1110, P.O. Box 94604 Email:
Lincoln, NE 68509
402-471-2805
tibach@leg.ne.gov
Author Detail Link

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Bill Text

Category

Rail

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State

NE

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Summary

Adopts the Nebraska Shortline Rail Modernization Act and provide tax credits.

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Issue

Adopts the Nebraska Rail Modernization Act to help defray the high costs of, and incent investment in, qualified short-line rail maintenance expenditures. Provides a 50% tax credit capped at $5,000 per track mile owned or leased by a shortline with a $4 million maximum annual allocation. The bill also provides $5 million in tax credits for building new miles of rail or rail infrastructure, as a 50% tax credit capped at $3 million per
project.

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Notes

Pending Committee action.

History

01/09/2024 Introduced in Senate.
01/10/2024 Referred to Senate Committee on Revenue.