Freight Infrastructure Reinvestment Act of 2016
This bill amends the Internal Revenue Code to impose a 1% tax on certain ground transportation of property within the United States.
In addition, the bill establishes: (1) a National Freight Mobility Infrastructure Fund, consisting of amounts equivalent to taxes received under the bill; and (2) a National Freight Mobility Infrastructure Improvement Program, through which the Department of Transportation is authorized to make competitive grants for eligible costs associated with projects to improve freight mobility.