S. 1532 · 119th Congress

Raises the railroad track maintenance tax credit and updates which track qualifies

Official title: A bill to amend the Internal Revenue Code of 1986 to modify the railroad track maintenance credit.1

Never got a floor voteBusiness tax breaks

§1What it does

Why this matters: A plain-English description of the bill as it was voted on, written by us from the official summary and text.

Drafted by AI from the public sources cited. Each sentence links to its source.

The bill would raise the yearly cap on the tax credit for maintaining railroad track, known as the short line railroad tax credit, from $3,500 to $6,100 per mile of track that a business owns, leases or is assigned by a Class II or Class III railroad.2,3 The $6,100 figure would be adjusted for inflation for tax years beginning after 2025.3 The credit would also cover track owned or leased as of January 1, 2024, instead of January 1, 2015, as under current law.3

§2Status

StatusLatest action, April 30, 2025: Read twice and referred to the Committee on Finance.1
IntroducedApril 30, 2025
SponsorSen. Crapo, Mike [R-ID]
Cosponsors48 cosponsors (18 Democratic, 29 Republican, 1 independent)
Official recordS. 1532 on Congress.gov

§3It never got a vote

Why this matters: This bill had wide support from both parties, but it never reached the House or Senate floor, so no member of Congress was ever recorded voting for or against it.

Latest action, April 30, 2025: Read twice and referred to the Committee on Finance.1 How bills die without a vote.

2026 candidates who sponsored or cosponsored it (13)