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SB 462 Missouri Senate · 2025 Regular Session

Authorizes a tax credit for certain railroad infrastructure investments

SB 462 would create a tax credit for railroad companies investing in certain infrastructure projects, such as track or equipment upgrades. Companies making qualifying investments could reduce their state tax bills by a percentage of their eligible spending. The bill does not specify exact project types or credit amounts in its abstract. It is currently pending review by the Senate Economic and Workforce Development Committee.
Issues: ✗ Budget & TaxesOpposes Budget & TaxesBill creates corporate tax credit for railroads, aligning with 'oppose' indicator of tax breaks primarily for wealthy businesses rather than public funding or middle-income relief.85% confidence ✓ TransportationSupports TransportationBill provides tax credit incentives for railroad infrastructure investments, directly funding transportation infrastructure upgrades per support indicators.95% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Dec 2024
Committee Review
Floor Vote
Governor
Introduced Dec 3, 2024 Last action Mar 26, 2025
Maddy AI version diff · 1 comparison

What changed between versions

Introduced → Senate Committee Substitute - Committee Version · 3 edits
MINOR
The bill was amended from its original introduced version to a committee substitute version, primarily changing the funding cap for new rail infrastructure tax credits and adding a provision for carrying forward unused tax credits. These changes aim to adjust the financial limits of the incentive program and provide more flexibility for taxpayers who do not use their full credit allowance in a single year.
Scope change
The bill's scope remains focused on tax credits for railroad infrastructure investments, but the specific financial limits and taxpayer options have been modified.
FISCAL

The cumulative annual tax credit cap for qualified new rail infrastructure expenditures was reduced from ten million dollars to five million dollars per calendar year.

REQUIREMENT

A new provision was added allowing eligible taxpayers to carry forward any unused portion of the tax credit for up to five subsequent tax years.

DEFINITION

The bill text was reorganized and renumbered to reflect committee amendments, including reordering of sections and definitions, though the core definitions remained largely consistent.

Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
5
Key actions
2
Committee
2
Mar 26, 2025
Upper · Passed
SCS Voted Do Pass S Economic and Workforce Development Committee (1150S.02C)
upper
Mar 12, 2025
Upper · Passed
Hearing Conducted S Economic and Workforce Development Committee
upper
Dec 3, 2024
Introduced
Prefiled
upper
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Kurtis Gregory
Kurtis Gregory
RRepublican
MO
21