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HR 1200S 2758119th CongressIntroduced
Freight RAILCAR Act of 2025
Introduced: Oct 28, 2025
Chamber Versions:
Standard Summary
Comprehensive overview in 1-2 paragraphs
The Freight RAILCAR Act establishes a 10% tax credit for freight railcar fleet modernization, limits the credit to 1,000 qualified railcars per taxpayer, and sets detailed definitions and special rules.
Key Points
- 110% credit of modernization expenses for freight railcars.
- 2Credit limited to 1,000 qualified railcars per taxpayer per year.
- 3Detailed definitions of replacement, modernization, and qualified railcar.
- 4Special rules for double benefit, basis adjustment, sale‑leaseback, and syndication.
- 5Credit expires three years after enactment.
Impact Areas
Freight railcar owners and operatorsRailcar manufacturers and suppliersTaxpayers seeking to modernize fleetsIRS and tax compliance professionals
Generated by openai/gpt-oss-20b:free on Nov 19, 2025