H.R. 516: To amend the Internal Revenue Code of 1986 to modify the railroad track maintenance credit.

H.R. 516 is a federal bill in the 119th Congress. Small and regional railroad operators will see an increase in the tax savings they can claim for maintaining their tracks. Before this bill, the annual tax credit was calculated by multiplying the railroad track miles by 3,500 dollars, and only applied to… See its sponsors, how members voted, and a plain-English breakdown on PolityLens.