CONGRESS FOR VOTERS

RepublicanBill · H.R. 1200· House(119-HR-1200)

Freight RAILCAR Act of 2025

Rep. LaHood
Age: 58 years
Illinois
Introduced
2/11/2025
Last activity
2/11/2025 — Referred to the House Committee on Ways and Means.
Sponsored by
Darin LaHood
Cosponsors
Republican - 46Democrat - 22
Taxation
  1. Introduced
  2. In Committee

What this bill would do

This bill, known as the "Freight RAILCAR Act of 2025," aims to amend the Internal Revenue Code of 1986. It establishes a new tax credit intended to encourage the replacement or modernization of inefficient and outdated freight railcars. The credit is set at 10 percent of a taxpayer's freight railcar fleet modernization expenses. To prevent excessive use, the credit is limited to 1,000 qualified freight railcars per taxpayer per taxable year. The program is scheduled to expire three years after the Act's enactment.

Yes· 3 of 7

  • Does this cut taxes for small businesses?+5

    The bill provides a 10 percent tax credit for freight railcar fleet modernization expenses.

  • Would business owners be better off under this?+5

    The bill provides a direct tax credit to businesses that modernize their freight railcar fleets.

  • Is this likely to create jobs?+3

    By incentivizing the replacement and modernization of railcar fleets, the bill may stimulate activity in the manufacturing and rail sectors.

The opposite

No question was scored the opposite.