Authorizes a tax credit for certain railroad expenses.

Beginning January 1, 2026, eligible taxpayers may claim a
nonrefundable tax credit of an amount equal to 50% for qualified railroad track expenditures, or for new qualified rail
infrastructure expenditures.

Pending House action.

12/23/2024 Prefiled.
01/08/2025 Read first time in House.
01/09/2025 Read second time in House.
02/06/2025 Referred to House Committee on Economic Development.
02/18/2025 Public Hearing completed in House.
02/25/2025 Executive Session continued.
02/25/2025 Action postponed in House.
03/04/2025 Executive Session completed.
03/04/2025 House Committee Substitute passed favorably by Committee.
03/27/2025 Referred to House Committee on Rules - Administrative.
04/08/2025 Executive Session completed in Committee.
04/08/2025 Committee recommends passage by House.