The tax credit many small-business railroads depend on to help fund capital improvements has gotten a potential boost in Congress.
Bills introduced in both the Senate and House of Representatives would modify the Railroad Track Maintenance Credit, updating the credit for inflation and allowing expenditures on short-line track that has been acquired since 2015 to be included.
Known as 45G, the tax credit has been a key incentive for short lines to invest more of their own funds for upgrading track...
https://www.freightwaves.com/news/bills-could-help-small-railroads-build-new-track-bridges