119th Congress · introduced in the Senate · Apr 30, 2025
A bill to amend the Internal Revenue Code of 1986 to modify the railroad track maintenance credit.
Official title from Congress.gov
Latest action (Apr 30, 2025): Read twice and referred to the Committee on Finance.
View on Congress.govPolicy area: Taxation
Congressional Research Service summary, version: Introduced in Senate (Apr 30, 2025)
This bill increases the annual limit on the tax credit for qualified railroad track maintenance expenses (also referred to as the short line railroad tax credit) and expands eligibility for claiming the credit.
Under current law, the tax credit is limited each tax year to $3,500 multiplied by the sum of the number of miles of railroad track owned or leased by the taxpayer (miles owned or leased) and the number of railroad track miles assigned to the taxpayer by a Class II or III railroad (miles assigned). This bill increases the annual limit to $6,100 multiplied by the sum of miles owned or leased and miles assigned. The $6,100 amount used in the calculation of the tax credit limit is adjusted for inflation for tax years beginning after 2025.
The bill also expands eligibility for the tax credit to include gross expenses for maintaining railroad tracks owned or leased as of January 1, 2024. Under current law, the tax credit is limited to gross expenses for maintaining railroad tracks owned or leased as of January 1, 2015.
Includes amendment, cloture, and procedural votes. Each is labeled with its exact question; only a passage question is a vote to pass the bill.
No recorded roll calls on this bill in coverage.
Read twice and referred to the Committee on Finance.
Introduced in Senate
Actions from Congress.gov, newest first.
LD-2 reports whose issue descriptions explicitly cite this bill (bill type and number validated against Congress.gov records). A citation does not establish the client's position or any contact with a member.
Loading lobbying reportsCoverage: reports for 2025 onward, posted Jan 1, 2025 through Oct 23, 2026.
58 citations; showing the 25 most recently posted.
ALASKA RAILROAD CORP · lobbying firm or registrant: BLANK ROME GOVERNMENT RELATIONS
2026 Q3 report (Jul 1, 2026 – Sep 30, 2026) · posted Oct 20, 2026 · issue area: Transportation
$50,000
Paid to lobbying firm
…tion. Support repeal of DOT INFRA grants cap on rail and port projects. Support federal agency grant applications for Alaska rail projects. Support H.R.516 and S.1532 Shortline Railroad Tax Credit. Support DOT/FRA CRISI grant funding for Port MacKenzie Rail Extension. Issues related to Surface Transportation Reauthorization.…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
ANACOSTIA RAIL HOLDINGS COMPANY · lobbying firm or registrant: CARPI & CLAY, INC
2026 Q3 report (Jul 1, 2026 – Sep 30, 2026) · posted Oct 20, 2026 · issue area: Taxation/Internal Revenue Code
$10,000
Paid to lobbying firm
Support for 45G (H.R. 516 and S. 1532).
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
RAILWAY ENGINEERING MAINTENANCE SUPPLIERS ASSOCIATION · lobbying firm or registrant: TGA ASSOCIATION MANAGEMENT SOLUTIONS, LLC
2026 Q3 report (Jul 1, 2026 – Sep 30, 2026) · posted Oct 8, 2026 · issue area: Taxation/Internal Revenue Code
Amount not reported
Modernize 45G short line railroad tax credit (H.R. 516; S.1532).
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. View filing
NATIONAL RAILROAD CONSTRUCTION AND MAINTENANCE ASSOCIATION · lobbying firm or registrant: TGA ASSOCIATION MANAGEMENT SOLUTIONS, LLC
2026 Q3 report (Jul 1, 2026 – Sep 30, 2026) · posted Oct 8, 2026 · issue area: Taxation/Internal Revenue Code
$30,000
Paid to lobbying firm
Modernize 45G short line railroad tax credit (H.R. 516; S. 1532).
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
ALASKA RAILROAD CORP · lobbying firm or registrant: BLANK ROME GOVERNMENT RELATIONS
2026 Q2 report (Apr 1, 2026 – Jun 30, 2026) · posted Jul 20, 2026 · issue area: Transportation
$50,000
Paid to lobbying firm
…tion. Support repeal of DOT INFRA grants cap on rail and port projects. Support federal agency grant applications for Alaska rail projects. Support H.R.516 and S.1532 Shortline Railroad Tax Credit. Support DOT/FRA CRISI grant funding for Port MacKenzie Rail Extension. Issues related to Surface Transportation Reauthorization.…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
ANACOSTIA RAIL HOLDINGS COMPANY · lobbying firm or registrant: CARPI & CLAY, INC
2026 Q2 report (Apr 1, 2026 – Jun 30, 2026) · posted Jul 13, 2026 · issue area: Taxation/Internal Revenue Code
$10,000
Paid to lobbying firm
Support for 45G (H.R. 516 and S. 1532).
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
RAILWAY ENGINEERING MAINTENANCE SUPPLIERS ASSOCIATION · lobbying firm or registrant: TGA ASSOCIATION MANAGEMENT SOLUTIONS, LLC
2026 Q2 report (Apr 1, 2026 – Jun 30, 2026) · posted Jul 10, 2026 · issue area: Taxation/Internal Revenue Code
Amount not reported
Modernize 45G short line railroad tax credit (H.R. 516; S.1532).
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. View filing
NATIONAL RAILROAD CONSTRUCTION AND MAINTENANCE ASSOCIATION · lobbying firm or registrant: TGA ASSOCIATION MANAGEMENT SOLUTIONS, LLC
2026 Q2 report (Apr 1, 2026 – Jun 30, 2026) · posted Jul 10, 2026 · issue area: Taxation/Internal Revenue Code
$30,000
Paid to lobbying firm
Modernize 45G short line railroad tax credit (H.R. 516; S. 1532).
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
RED RIVER VALLEY & WESTERN RAILROAD COMPANY · lobbying firm or registrant: VIKING NAVIGATION LLC
2026 Q1 report (Jan 1, 2026 – Mar 31, 2026) · posted Apr 21, 2026 · issue area: Railroads
Amount not reported
…54301; -- Surface Transportation Reauthorization: Support for full funding for 49 USC 22907 and support for short line tax provisions; -- 26 USC 45G H.R. 516 & S. 1532 (119th Cong.) - To amend the Internal Revenue Code of 1986 to modify the railroad track maintenance credit: Continued support of current tax treatment of assig…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. View filing
RED RIVER VALLEY & WESTERN RAILROAD COMPANY · lobbying firm or registrant: VIKING NAVIGATION LLC
2026 Q1 report (Jan 1, 2026 – Mar 31, 2026) · posted Apr 21, 2026 · issue area: Taxation/Internal Revenue Code
Amount not reported
Lobbying activity related to legislation (draft and introduced): -- 26 USC 45G H.R. 516 & S. 1532 (119th Cong.) and Surface Transportation drafts - To amend the Internal Revenue Code of 1986 to modify the railroad track maintenance credit: Continued support…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. View filing
P&L TRANSPORTATION, INC. (FKA APPALACHIAN & OHIO RAILROAD, INC.) · lobbying firm or registrant: VIKING NAVIGATION LLC
2026 Q1 report (Jan 1, 2026 – Mar 31, 2026) · posted Apr 21, 2026 · issue area: Railroads
$20,000
Paid to lobbying firm
…54301; -- Surface Transportation Reauthorization: Support for full funding for 49 USC 22907 and support for short line tax provisions; -- 26 USC 45G H.R. 516 & S. 1532 (119th Cong.) - To amend the Internal Revenue Code of 1986 to modify the railroad track maintenance credit: Continued support of current tax treatment of assig…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
P&L TRANSPORTATION, INC. (FKA APPALACHIAN & OHIO RAILROAD, INC.) · lobbying firm or registrant: VIKING NAVIGATION LLC
2026 Q1 report (Jan 1, 2026 – Mar 31, 2026) · posted Apr 21, 2026 · issue area: Taxation/Internal Revenue Code
$20,000
Paid to lobbying firm
Lobbying activity related to legislation (draft and introduced): -- 26 USC 45G H.R. 516 & S. 1532 (119th Cong.) and Surface Transportation drafts - To amend the Internal Revenue Code of 1986 to modify the railroad track maintenance credit: Continued support…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
PATRIOT RAIL COMPANY (FKA PIONEER LINES (FKA PIONEER RAILCORP)) · lobbying firm or registrant: VIKING NAVIGATION LLC
2026 Q1 report (Jan 1, 2026 – Mar 31, 2026) · posted Apr 20, 2026 · issue area: Railroads
$130,000
Paid to lobbying firm
…54301; -- Surface Transportation Reauthorization: Support for full funding for 49 USC 22907 and support for short line tax provisions; -- 26 USC 45G H.R. 516 & S. 1532 (119th Cong.) - To amend the Internal Revenue Code of 1986 to modify the railroad track maintenance credit: Continued support of current tax treatment of assig…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
PATRIOT RAIL COMPANY (FKA PIONEER LINES (FKA PIONEER RAILCORP)) · lobbying firm or registrant: VIKING NAVIGATION LLC
2026 Q1 report (Jan 1, 2026 – Mar 31, 2026) · posted Apr 20, 2026 · issue area: Taxation/Internal Revenue Code
$130,000
Paid to lobbying firm
Lobbying activity related to legislation (draft and introduced): -- 26 USC 45G H.R. 516 & S. 1532 (119th Cong.) and Surface Transportation drafts - To amend the Internal Revenue Code of 1986 to modify the railroad track maintenance credit: Continued support…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
IOWA INTERSTATE RAILROAD, LTD · lobbying firm or registrant: VIKING NAVIGATION LLC
2026 Q1 report (Jan 1, 2026 – Mar 31, 2026) · posted Apr 20, 2026 · issue area: Railroads
$12,000
Paid to lobbying firm
…54301; -- Surface Transportation Reauthorization: Support for full funding for 49 USC 22907 and support for short line tax provisions; -- 26 USC 45G H.R. 516 & S. 1532 (119th Cong.) - To amend the Internal Revenue Code of 1986 to modify the railroad track maintenance credit: Continued support of current tax treatment of assig…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
IOWA INTERSTATE RAILROAD, LTD · lobbying firm or registrant: VIKING NAVIGATION LLC
2026 Q1 report (Jan 1, 2026 – Mar 31, 2026) · posted Apr 20, 2026 · issue area: Taxation/Internal Revenue Code
$12,000
Paid to lobbying firm
Lobbying activity related to legislation (draft and introduced): -- 26 USC 45G H.R. 516 & S. 1532 (119th Cong.) and Surface Transportation drafts - To amend the Internal Revenue Code of 1986 to modify the railroad track maintenance credit: Continued support…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
OMNITRAX, INC. · lobbying firm or registrant: VIKING NAVIGATION LLC
2026 Q1 report (Jan 1, 2026 – Mar 31, 2026) · posted Apr 20, 2026 · issue area: Railroads
$80,000
Paid to lobbying firm
…54301; -- Surface Transportation Reauthorization: Support for full funding for 49 USC 22907 and support for short line tax provisions; -- 26 USC 45G H.R. 516 & S. 1532 (119th Cong.) - To amend the Internal Revenue Code of 1986 to modify the railroad track maintenance credit: Continued support of current tax treatment of assig…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
OMNITRAX, INC. · lobbying firm or registrant: VIKING NAVIGATION LLC
2026 Q1 report (Jan 1, 2026 – Mar 31, 2026) · posted Apr 20, 2026 · issue area: Taxation/Internal Revenue Code
$80,000
Paid to lobbying firm
Lobbying activity related to legislation (draft and introduced): -- 26 USC 45G H.R. 516 & S. 1532 (119th Cong.) and Surface Transportation drafts - To amend the Internal Revenue Code of 1986 to modify the railroad track maintenance credit: Continued support…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
ANACOSTIA RAIL HOLDINGS COMPANY · lobbying firm or registrant: CARPI & CLAY, INC
2026 Q1 report (Jan 1, 2026 – Mar 31, 2026) · posted Apr 20, 2026 · issue area: Taxation/Internal Revenue Code
$10,000
Paid to lobbying firm
Support for 45G (H.R. 516 and S. 1532).
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
ALASKA RAILROAD CORP · lobbying firm or registrant: BLANK ROME GOVERNMENT RELATIONS
2026 Q1 report (Jan 1, 2026 – Mar 31, 2026) · posted Apr 20, 2026 · issue area: Transportation
$50,000
Paid to lobbying firm
…tion. Support repeal of DOT INFRA grants cap on rail and port projects. Support federal agency grant applications for Alaska rail projects. Support H.R.516 and S.1532 Shortline Railroad Tax Credit. Support DOT/FRA CRISI grant funding for Port MacKenzie Rail Extension. Issues related to Surface Transportation Reauthorization.
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
RAILWAY ENGINEERING MAINTENANCE SUPPLIERS ASSOCIATION · lobbying firm or registrant: TGA ASSOCIATION MANAGEMENT SOLUTIONS, LLC
2026 Q1 report (Jan 1, 2026 – Mar 31, 2026) · posted Apr 7, 2026 · issue area: Taxation/Internal Revenue Code
Amount not reported
Modernize 45G short line railroad tax credit (H.R. 516; S.1532).
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. View filing
NATIONAL RAILROAD CONSTRUCTION AND MAINTENANCE ASSOCIATION · lobbying firm or registrant: TGA ASSOCIATION MANAGEMENT SOLUTIONS, LLC
2026 Q1 report (Jan 1, 2026 – Mar 31, 2026) · posted Apr 7, 2026 · issue area: Taxation/Internal Revenue Code
$30,000
Paid to lobbying firm
Modernize 45G short line railroad tax credit (H.R. 516; S. 1532).
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
RED RIVER VALLEY & WESTERN RAILROAD COMPANY · lobbying firm or registrant: VIKING NAVIGATION LLC
2025 Q4 report (Oct 1, 2025 – Dec 31, 2025) · posted Jan 24, 2026 · issue area: Railroads
$30,000
Paid to lobbying firm
…Transportation-HUD Appropriations in general, H.R. 7148/H.R. 4552/S. 2465: Support for full funding for 49 USC 22907 and 46 USC 54301 -- 26 USC 45G H.R. 516 & S. 1532 (119th Cong.) - To amend the Internal Revenue Code of 1986 to modify the railroad track maintenance credit: Continued support of current tax treatment of assig…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
RED RIVER VALLEY & WESTERN RAILROAD COMPANY · lobbying firm or registrant: VIKING NAVIGATION LLC
2025 Q4 report (Oct 1, 2025 – Dec 31, 2025) · posted Jan 24, 2026 · issue area: Taxation/Internal Revenue Code
$30,000
Paid to lobbying firm
Lobbying activity related to legislation (draft and introduced): -- 26 USC 45G H.R. 516 & S. 1532 (119th Cong.) - To amend the Internal Revenue Code of 1986 to modify the railroad track maintenance credit: Continued support of current tax treatment of assig…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
P&L TRANSPORTATION, INC. (FKA APPALACHIAN & OHIO RAILROAD, INC.) · lobbying firm or registrant: VIKING NAVIGATION LLC
2025 Q4 report (Oct 1, 2025 – Dec 31, 2025) · posted Jan 24, 2026 · issue area: Railroads
$20,000
Paid to lobbying firm
…Transportation-HUD Appropriations in general, H.R. 7148/H.R. 4552/S. 2465: Support for full funding for 49 USC 22907 and 46 USC 54301 -- 26 USC 45G H.R. 516 & S. 1532 (119th Cong.) - To amend the Internal Revenue Code of 1986 to modify the railroad track maintenance credit: Continued support of current tax treatment of assig…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing