SB0292: Short line railroad tax credit.
Legislative Summary
Short line railroad tax credit. Allows a taxpayer to claim a credit against state income tax liability for certain qualified railroad expenditures and qualified new rail infrastructure expenditures. Specifies the amount of the credit. Limits the total amount of credits that may be allowed in a state fiscal year to: (1) $10,000 for qualified railroad expenditures; and (2) $10,000 for qualified new rail infrastructure expenditures.
Demographic Impact
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Bill History
Amendments
Senate Tax and Fiscal Policy Amendment #2
Senate Tax and Fiscal Policy Amendment #2
Senate Tax and Fiscal Policy Amendment #2
Senate Tax and Fiscal Policy Amendment #2
Roll Call Votes
Status Information
Sponsors
Primary Sponsor
