Freight RAILCAR Act of 2021
Summary
Freight Rail Assistance and Investment to Launch Coronavirus-era Activity and Recovery Act of 2021 or the Freight RAILCAR Act of 2021 This bill provides a new tax credit for 50% of freight railcar fleet modernization expenses. The bill defines freight railcar fleet modernization expenses to include amounts for railcar replacement and modernization, railcar scrap amounts, and for railcar facility and technology modernization. The Department of the Treasury must report to Congress on the credit to provide information on the number of times the credit was claimed and the number of railcars scrapped or built as a result of the credit.
Bill status
in committee
1 of 4 stages cleared
Introduction
Mar 2021
Committee Review
Floor Vote
President
Introduced Mar 29, 2021
Last action Mar 29, 2021
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Mar 29, 2021
Committee
Referred to the House Committee on Ways and Means.
lower
Mar 29, 2021
Introduced
Introduced in House
lower
1 primary · 37 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Bradley Scott Schneider
DDemocratic
Co
A. Drew Ferguson IV
RRepublican
Co
Barry Moore
RRepublican
Co
Brian Babin
RRepublican
Co
Daniel T. Kildee
DDemocratic
Co
Darin LaHood
RRepublican
Co
Don Bacon
RRepublican
Co
Donald M. Payne, Jr.
DDemocratic
Co
Earl Blumenauer
DDemocratic
Co
Eric A. "Rick" Crawford
RRepublican
Co
Henry Cuellar
DDemocratic
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