Crapo leads bipartisan bill to make rail investment tax credit permanent

Saturday, February 2, 2019

Washington, D.C. – Idaho Senator Mike Crapo and Oregon Senator Ron Wyden introduced the Building Rail Access for Customers and the Economy (BRACE), Act, which would make permanent a critical tax credit used to repair and upgrade short line railroads.

“Our agriculture communities rely on small business freight railroads to connect their products to markets across the nation and around the globe,” said Crapo. “These are crucial economic corridors that serve our communities across the nation. This measure will allow short line railroads to make long-term plans for infrastructure repairs and upgrades, improving the link between our rural communities and the national freight railroad network.”

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