S. 1532: A bill to amend the Internal Revenue Code of 1986 to modify the railroad track maintenance credit.

S. 1532 is a federal bill in the 119th Congress. Small freight railroad companies and their customers will see changes in how much tax relief is available for keeping tracks safe and operational. Currently, railroads can claim a tax credit based on a limit of 3500 dollars per mile of track they own,… See its sponsors, how members voted, and a plain-English breakdown on PolityLens.