A bipartisan group of congressional legislators has introduced a bill that would provide a temporary tax credit to railcar manufacturers that have been hit hard by pandemic-induced, adverse market conditions.
The Freight Rail Assistance & Investment to Launch Coronavirus-era Activity & Recovery Act, or Freight RAILCAR Act, seeks to provide a 50% tax credit for new railcars or for the modification of existing railcars to help offset costs, according to the representatives. The tax credit would...