Legislation reintroduced Tuesday in the House of Representatives would establish a 10% tax credit to help upgrade and expand the U.S. freight car fleet.
The Freight Rail Assets Investment to Launch Commercial Activity Revitalization Act (Freight Railcar) Act of 2025 was reintroduced in the House by Illinois Republican Rep. Darin LaHood and Democrat Brad Schneider, with 40 original bipartisan co-sponsors.
The bill was originally introduced in 2023.
The three-year, 10% tax credit is designed to help...
https://www.freightwaves.com/news/tax-credit-would-upgrade-expand-us-rail-freight-car-fleet