ASLRRA PERSPECTIVE, RAILWAY AGE JUNE 2025 ISSUE: In sports, there are many terms that reference multiple things happening simultaneously or in quick succession. A “hat trick” refers to scoring three goals in
On April 30, Senator Mike Crapo (Idaho), Chairman of the Senate Finance Committee; and Senator Ron Wyden (OR), ranking member of the Committee, introduced S. 1532, to modernize the Short Line Railroad Maintenance Tax Credit that has been responsible for driving more than $8 billion in private investment in short line rail infrastructure since the credit was introduced in 2005, the American Short Line and Regional Railroad Association (ASLRRA) recently reported.
The Short Line Railroad Tax Credit Modernization Act has been introduced by U.S. Reps. Mike Kelly of Pennsylvania and Mike Thompson of California, the Chairman and senior Democrat of the House Ways
ASLRRA PERSPECTIVE, RAILWAY AGE DECEMBER 2024 ISSUE: The election is over, and the results are in. I went to bed in the early morning hours of Nov. 6 and enjoyed a remarkable
Both houses of Congress on Sept. 10 introduced bills that would improve the railroad track maintenance credit—also known as the 45G tax credit, referring to its section in the U.S. tax code—that has been “a powerful incentive for short lines to put more of their own funds to work upgrading track and bridges to modern standards,” according to the American Short Line and Regional Railroad Association (ASLRRA).
Perseverance is a virtue, and 2020 required all the perseverance one could muster. The pandemic, the disruption of the workplace and of ordinary commerce, trade disputes, our unsettled politics—all contributed to a year that affected every American citizen and business.
Sixty-two and 294—these two numbers may seem arbitrary to some, but they’re music to the ears of Short Line Tax Credit supporters.
Congressman Andy Barr (R-KY) recently joined the Railway Engineering-Maintenance Suppliers Association (REMSA) and its member Contech Engineered Solutions at their manufacturing facility in Winchester, Ky.
Congressman Dan Kildee (D-MI-5) recently joined representatives from Lake State Railway (LSRC) for a tour and transportation public policy discussion at LSRC headquarters in Saginaw, Mich.
The House Ways & Means Committee on June 20 favorably reported-out H.R. 3301,the Taxpayer Certainty and Disaster Tax Relief Act of 2019. The 45G railroad infrastructure maintenance tax credit is covered in Section 112, which extends 45G to Jan. 1, 2021 and retroactively to Jan. 1, 2018. (45G expired on Dec. 31, 2017.)
