BRACE Act of 2019
- Last Action
- 1/11/2019
Actions
- 2019-01-11Referred to the House Committee on Ways and Means.
- 2019-01-11Introduced in House
- 2019-01-11Introduced in House
CRS Summary
As of 2019-01-11 (00)
Building Rail Access for Customers and the Economy Act of 2019 or the BRACE Act of 2019
This bill permanently extends the tax credit for railroad track maintenance. The extension applies to expenditures paid or incurred during tax years beginning after 2017. Assignments of miles of railroad track, including related expenditures, for tax years ending after 2017 must be treated as timely if they are made pursuant to a written agreement entered into within 90 days of the enactment of this bill.
Cosponsors (20)
- Mike Kelly (R-PA)
- Daniel Lipinski (D-IL)
- David Loebsack (D-IA)
- Steven Watkins (R-KS)
- David Rouzer (R-NC)
- DIANA DEGETTE (D-CO)
- Bill Johnson (R-OH)
- Filemon Vela (D-TX)
- Jackie Walorski (R-IN)
- Bruce Westerman (R-AR)
- John Garamendi (D-CA)
- Ron Estes (R-KS)
- Jared Huffman (D-CA)
- ELEANOR NORTON (D-DC)
- Elise Stefanik (R-NY)
- Steve Womack (R-AR)
- Cheri Bustos (D-IL)
- Markwayne Mullin (R-OK)
- David Roe (R-TN)
- Joe Courtney (D-CT)
Subjects
- Business investment and capital
- Income tax credits
- Railroads
Sourced from Congress.gov (public domain).
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