Creates a corporate income-tax credit for railroads that make qualifying rail reconstruction, replacement, or new rail infrastructure expenditures.

Creates a corporate income-tax credit for qualifying railroad reconstruction/replacement expenditures. House amendment removed eligibility for new rail infrastructure; amended bill provides credit of up to $5,000 per mile of NM track, with annual aggregate cap of $1 million.

Dead. Same as SB 93.

02/03/2026 Referred to House Committees on Commerce & Economic Development, and Taxation & Revenue. Sent to House Committees on Commerce & Economic Development.
02/10/2026 Reported by Committee with Do Pass recommendation with amendment
02/10/2026 Action postponed indefinitely.