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Infrastructure Tax Incentive

Freight Rail Infrastructure Capacity Expansion Act

New Bill in Senate offers tax incentives for infrastructure expansion

A bipartisan Bill has been introduced in the Senate (S.1125) by Senators Kent Conrad (D-ND) and Gordon Smith (R - OR) and in the House (H.R. 2116) by Representatives Kendrick Meek (D-FL) and Eric Cantor (R-VA). The Bill is intended to address the need for expanding the nation's freight rail capacity by allowing up to a 25 percent tax credit for the expansions.

The Bill, called the "Freight Rail Infrastructure Capacity Expansion Act of 2007," would amend the Internal Revenue Code of 1986 to provide investment incentives to expand freight rail infrastructure capacity and to enhance modal tax equity.

The Bill provides incentives for new qualified freight rail infrastructure property as well as qualified locomotive property.

For more details and other important information, read these documents:

• Freight Rail Infrastructure Capacity Expansion Act of 2007 List of Supporters
• America's Freight Capacity Challenge fact sheet.
• Infrastructure Tax Credit Frequently Asked Questions
• Tax Incentives for Freight Railroad Capacity Expansion (AAR Position Paper)
• AAR Press Release: Bipartisan Senate bill tackles nation's transportation needs
• The Challenge of Meeting Freight Infrastructure Demands (Powerpoint Presentation)
• Railroads Welcome House Introduction of Rail Freight Infrastructure Act: Statement by Edward R. Hamberger on HR 2116, The Freight Rail Infrastructure Act
• Bill S.1125 Freight Rail Infrastructure Capacity Expansion Act of 2007( PDF)
• Capacity Expansion Act Brief (PDF)
• Nation's Freight Rail Challenge (PDF)
• A New Vision For The 21st Century AASHTO Report 2007
• American Association of State Highway and Transportation Officials (AASHTO) Freight-Rail Bottom Line Report
• Letters of Support: Click here to view letters supporting the Infrastructure Tax Incentive
• PA County Resolution Supports Freight Rail
• Read 11 Articles, Editorials in support of ITC (PDF)