Senate bill supports rail infrastructure investments

08/9/2010 | DC Velocity online · ProgressiveRailroading.com

A bill circulating the Senate aims to give railroads tax credits for investing in infrastructure. Sponsored by Sens. Kent Conrad, D-N.D., and John Ensign, R-Nev., the bill would offer railroads a 25% tax break when they spend on tracks, locomotives, tunnels, rail yards and intermodal facilities. Railroads predict they will confront a $39 billion shortfall in infrastructure needs by 2035 without some kind of government support.

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DC Velocity online · ProgressiveRailroading.com