Code Section 45G
| Code Section | Effective Date | Name of Act | Name of Provision | 10yr Revenue Estimate ($millions) |
|---|---|---|---|---|
| 45G | 12/31/2011 | The American Taxpayer Relief Act of 2012 | Railroad track maintenance credit | -331 |
| 45G | 12/31/2009 | The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 | Railroad track maintenance credit | -331 |
Railroad track maintenance credit
Explanation of Provision
The provision extends the present law credit for two years, for qualified railroad track maintenance expenses paid or incurred during taxable years beginning after December 31, 2011, and before January 1, 2014.
Railroad track maintenance credit
Explanation of Provision
The provision extends the present law credit for two years, for qualified railroad track maintenance expenses paid or incurred during taxable years beginning after December 31, 2009 and before January 1, 2012.
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