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

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.

Dead,

01/09/2024 Introduced in Senate.
01/10/2024 Referred to Senate Committee on Revenue.
04/18/2024 Died upon adjournment.