Amendment · S.Amdt. 4542· Senate(119-SAMDT-4542)

S.Amdt. 4542

Age: 77 years

Oregon

Introduced: 3/18/2026
Sponsored by: Ron Wyden
Cosponsors: None

Changes bill: 119-S-1383 — Veterans Accessibility Advisory Committee Act of 2025

Introduced
Pending Consideration
Failed

This amendment was never taken up, and the bill finished without it. It was never voted on.

What this amendment would do

This amendment, proposed by Mr. Wyden for bill S. 1383, aims to modify the railroad track maintenance credit within the Internal Revenue Code of 1986.

Key changes include:

Increasing the credit amount from $3,500 to $6,100.
Adding an inflation adjustment for taxable years beginning after 2027, which will be rounded to the nearest $100.
Changing the date for qualified railroad track maintenance expenditures from January 1, 2015 to January 1, 2026.

These changes would apply to expenditures paid or incurred in taxable years starting after December 31, 2026.