S. 411Senate113th Congress (2013-2015)In Committee

Short Line Railroad Rehabilitation and Investment Act of 2013

Introduced February 28, 2013

Legislative Activity

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2 earlier actions
SenateIntro Referral Latest Action

Read twice and referred to the Committee on Finance.

February 28, 2013

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SenateIntro Referral

Introduced in Senate

February 28, 2013

SenateIntro Referral

Sponsor introductory remarks on measure. (CR S1019)

February 28, 2013

SenateIntro Referral

Read twice and referred to the Committee on Finance.

February 28, 2013

Floor Debate

10 members

What members said about S. 411 on the floor

4 Republicans6 Democrats
Dianne Feinstein
Sen. Dianne FeinsteinD-CA · Feb 28, 2013

Mr. President, I rise today with my friend and colleague from Vermont, Senator Leahy to introduce the Cluster Munitions Civilian Protection Act of 2013. Our legislation places common sense…

Mary L. Landrieu
Sen. Mary L. LandrieuD-LA · Feb 28, 2013

Mr. President, I come to the floor today to speak on an issue that is of great importance to my home State of Louisiana: Federal disaster assistance. As you know, along the Gulf Coast, we keep an eye…

John D. Rockefeller IV
Sen. John D. Rockefeller IVD-WV · Feb 28, 2013

Mr. President, today I am joining my colleagues Senators, Crapo, Wyden, and Moran in introducing the Short Line Railroad Rehabilitation and Investment Act of 2013, legislation to extend for 3 years…

Lamar Alexander
Sen. Lamar AlexanderR-TN · Feb 28, 2013

Mr. President, today I am introducing legislation along with Senator McConnell, Senator Paul, and Senator Corker, to prevent the U.S. Army Corps of Engineers from restricting fishing rights in some…

Patrick J. Leahy
Sen. Patrick J. LeahyD-VT · Feb 28, 2013

Mr. President, I am pleased to join with my friend from California, Senator Feinstein, in introducing the Cluster Munitions Civilian Protection Act of 2013. It is identical to the bill that she and I…

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Ron Wyden
Sen. Ron WydenD-OR · Feb 28, 2013

Mr. President, today I rise to introduce a bill that will address a cumbersome and time consuming process in place under existing law within the Bureau of Indian Affairs. This piece of legislation…

Richard J. Durbin
Sen. Richard J. DurbinD-IL · Feb 28, 2013

Mr. President, last week TIME Magazine published an extensive piece that took a close look at the hidden costs within our health care system and how the Medicare program, which is widely disparaged…

Chuck Grassley
Sen. Chuck GrassleyR-IA · Feb 28, 2013

Mr. President, today I am reintroducing the Sunshine in the Courtroom Act, a bipartisan bill which permits judges at all federal court levels to open their courtrooms to television cameras and radio…

John D. Rockefeller IV
Sen. John D. Rockefeller IVD-WV · Feb 28, 2013

Mr. President, today I am joining my colleagues Senators, Crapo, Wyden, and Moran in introducing the Short Line Railroad Rehabilitation and Investment Act of 2013, legislation to extend for 3 years…

John Boozman
Sen. John BoozmanR-AR · Feb 28, 2013

Mr. President, today Senator Merkley and I are introducing the Corps of Engineers Recreation Improvement Act. This legislation enables the U.S. Army Corps of Engineers to reinvest recreation fees to…

John Cornyn
Sen. John CornynR-TX · Feb 28, 2013

Mr. President, I ask unanimous consent that the text of the bill be printed in the Record.

Bill Text

Latest available legislative text

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Introduced in SenateIssued February 28, 2013

II

113th CONGRESS

1st Session

S. 411

IN THE SENATE OF THE UNITED STATES

February 28, 2013

Mr. Rockefeller (for himself, Mr. Crapo, Mr. Wyden, and Mr. Moran) introduced the following bill; which was read twice and referred to the Committee on Finance

A BILL

To amend the Internal Revenue Code of 1986 to extend and modify the railroad track maintenance credit.

1.

Short title

This Act may be cited as the Short Line Railroad Rehabilitation and Investment Act of 2013.

2.

Extension and modification of Railroad Track Maintenance Credit

(a)

Extension of credit

Section 45G(f) of the Internal Revenue Code of 1986 is amended by striking January 1, 2014 and inserting January 1, 2017.

(b)

Expenditures

Subsection (d) of section 45G of the Internal Revenue Code of 1986 (relating to qualified railroad track maintenance expenditures) is amended by striking for maintaining and all that follows and inserting

for maintaining—

(A)

in the case of taxable years beginning after December 31, 2004, and before January 1, 2013, railroad track (including roadbed, bridges, and related track structures) owned or leased as of January 1, 2005, by a Class II or Class III railroad (determined without regard to any consideration for such expenditures given by the Class II or Class III railroad which made the assignment of such track), and

(B)

in the case of taxable years beginning after December 31, 2012, railroad track (including roadbed, bridges, and related track structures) owned or leased as of January 1, 2013, by a Class II or Class III railroad (determined without regard to any consideration for such expenditures given by the Class II or Class III railroad which made the assignment of such track).

.

(c)

Effective date

The amendments made by this section shall apply to taxable years beginning after December 31, 2012.