A bill to amend the Internal Revenue Code of 1986 to modify the railroad track maintenance credit.

This bill raises the tax credit that certain railroad owners and operators can receive for maintaining railroad tracks. Right now, the credit is calculated using $3,500 per mile of track, and this bill would increase that amount to $6,100 per mile, with adjustments for inflation after 2025. The bill also updates who can claim the credit by covering expenses for tracks owned or leased as of January 1, 2024, instead of the current cutoff date of January 1, 2015.

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