US HB8082 | 2019-2020 | 116th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on August 21 2020 - 25% progression, died in committee
Action: 2020-08-21 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on August 21 2020 - 25% progression, died in committee
Action: 2020-08-21 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Establishes a new tax credit for the replacement and modernization of qualified freight railcars. Specifically, it allows a credit for 50% of the sum of the qualifying replacement or modernization amount, the qualifying scrap amount, and the qualifying railcar facility and technology modernization amount. The bill defines qualified freight railcar as a freight railcar that meets significant improvement requirements for capacity, fuel efficiency, or performance.
Title
Freight RAILCAR Act of 2020 Freight Rail Assistance and Investment to Launch Coronavirus-era Activity and Recovery Act of 2020
Sponsors
| Rep. Bradley Schneider [D-IL] | Rep. Darin LaHood [R-IL] | Rep. Daniel Lipinski [D-IL] | Rep. Eric Crawford [R-AR] |
| Rep. Earl Blumenauer [D-OR] | Rep. Drew Ferguson [R-GA] | Rep. Roger Williams [R-TX] | Rep. Michael San Nicolas [D-GU] |
| Rep. Suzanne Bonamici [D-OR] | Rep. Harley Rouda [D-CA] | Rep. Sanford Bishop [D-GA] | Rep. Dean Phillips [D-MN] |
| Rep. Fred Keller [R-PA] | Rep. Michael Doyle [D-PA] | Rep. James Baird [R-IN] | Rep. Richard Hudson [R-NC] |
| Rep. Louie Gohmert [R-TX] | Rep. Bill Flores [R-TX] | Rep. David Loebsack [D-IA] | Rep. Terri Sewell [D-AL] |
| Rep. Randy Weber [R-TX] | Rep. Kay Granger [R-TX] | Rep. Jackie Walorski [R-IN] | Rep. John Katko [R-NY] |
| Rep. David McKinley [R-WV] | Rep. Linda Sanchez [D-CA] | Rep. Daniel Kildee [D-MI] | Rep. Rodney Davis [R-IL] |
| Rep. Donald Payne [D-NJ] | Rep. Sharice Davids [D-KS] | Rep. Elizabeth Fletcher [D-TX] | Rep. Carol Miller [R-WV] |
History
| Date | Chamber | Action |
|---|---|---|
| 2020-08-21 | House | Referred to the House Committee on Ways and Means. |
| 2020-08-21 | House | Introduced in House |
Subjects
Business expenses
Congressional oversight
Energy efficiency and conservation
Income tax credits
Manufacturing
Railroads
Taxation
Transportation safety and security
Congressional oversight
Energy efficiency and conservation
Income tax credits
Manufacturing
Railroads
Taxation
Transportation safety and security
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/house-bill/8082/all-info |
| Text | https://www.congress.gov/116/bills/hr8082/BILLS-116hr8082ih.pdf |
