Bipartisan Bill Proposes Expanded Tax Credits for Short Line Railroads
A bipartisan group of U.S. Senators introduced legislation to update the short line railroad tax credit. The bill aims to incentivize private investment and modernize short line railroads by increasing the credit cap, covering all mileage, and establishing an inflation index. These measures are intended to boost economic competitiveness in rural areas. The ASLRRA (American Short Line and Regional Railroad Association) welcomes the bill and anticipates its swift passage. The updated tax credit is expected to facilitate crucial infrastructure improvements and support the continued viability of short line railroads.
