Freight Rail Infrastructure Capacity Expansion Act of 2007
Latest action · Apr 17, 2007 Read twice and referred to the Committee on Finance.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedApr 17, 2007
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Freight Rail Infrastructure Capacity Expansion Act of 2007 - Amends the Internal Revenue Code to allow: (1) a tax credit for 25% of the cost of new qualified freight rail infrastructure property and new qualified locomotive property; and (2) a taxpayer election to expense the cost of qualified freight rail infrastructure property (i.e., deduct all costs in the current taxable year). Terminates such credit and expensing election after 2012.
Cosponsors 18
Members who signed on, in the order they did. Signatures ran from Apr 17, 2007 to Jun 5, 2008; 10 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-NE | Ben Nelson | Original | Apr 17, 2007 |
| R-NE | Chuck Hagel | Original | Apr 17, 2007 |
| R-OR | Gordon H. Smith | Original | Apr 17, 2007 |
| R-GA | Johnny Isakson | Original | Apr 17, 2007 |
| D-ND | Kent Conrad | Original | Apr 17, 2007 |
| R-SC | Lindsey Graham | Original | Apr 17, 2007 |
| D-LA | Mary L. Landrieu | Original | Apr 17, 2007 |
| R-ID | Mike Crapo | Original | Apr 17, 2007 |
| R-AK | Ted Stevens | Original | Apr 17, 2007 |
| R-MS | Thad Cochran | Original | Apr 17, 2007 |
| D-FL | Bill Nelson | Apr 19, 2007 | |
| D-CO | Ken Salazar | Apr 23, 2007 | |
| R-MN | Norm Coleman | Jun 13, 2007 | |
| D-PA | Robert P. Casey Jr. | Sep 4, 2007 | |
| R-NC | Richard Burr | Dec 13, 2007 | |
| D-PA | Arlen Specter | Feb 25, 2008 | |
| D-AR | Blanche L. Lincoln | Mar 31, 2008 | |
| R-MS | Roger F. Wicker | Jun 5, 2008 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Finance Committee | Referred Apr 17, 2007 |
Actions 2
Everything that happened, newest first.
- Apr 17, 2007Introduced in Senate
- Apr 17, 2007Read twice and referred to the Committee on Finance.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Printed hearings 3
Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.
| Number | Hearing | Committee | Held |
|---|---|---|---|
| S. Hrg. 110-1199 | CLIMATE CHANGE IMPACTS ON THE TRANSPORTATION SECTOR135 pages | Commerce, Science, and Transportation Committee | Jun 24, 2008 |
| S. Hrg. 110-1165 | KEEPING AMERICA MOVING: A REVIEW OF NATIONAL STRATEGIES FOR EFFICIENT FREIGHT MOVEMENT74 pages | Commerce, Science, and Transportation Committee | Jun 10, 2008 |
| S. Hrg. 110-886 | THE SURFACE TRANSPORTATION BOARD AND REGULATIONS RELATED TO THE FREIGHT RAILROAD INDUSTRY132 pages | Commerce, Science, and Transportation Committee | Oct 23, 2007 |
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 2116 | Freight Rail Infrastructure Capacity Expansion Act of 2007 | Related bill | May 2, 2007 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill to amend the Internal Revenue Code of 1986 to provide incentives to encourage investment in the expansion of freight rail infrastructure capacity and to enhance modal tax equity.
- Short Titles as Introduced
- Freight Rail Infrastructure Capacity Expansion Act of 2007
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Apr 17, 2007Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
