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 HB 298.

01/22/2026 Introduced. Referred to Senate Committees on Senate Committees, Senate Tax, Business and Transportation, and Finance.
01/23/2026 Action postponed indefinitely.