HR 838 · 118th Congress 2023–2025, ended

Freight RAILCAR Act of 2023

Introduced Feb 6, 2023 Originated House Sponsor Darin LaHood R-IL

Fact sheet

Latest action · Feb 6, 2023 Referred to the House Committee on Ways and Means.

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.

  1. IntroducedFeb 6, 2023
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Freight Rail Assistance and Investment to Launch Coronavirus-Era Activity and Recovery Act of 2023 or the Freight RAILCAR Act of 2023

This bill provides a new tax credit through 2025 for 10% of freight railcar fleet modernization expenses (i.e., railcar replacement and modernization expenses for meeting fuel efficiency and performance standards). The bill provides that no more than 2,000 freight railcars per taxpayer may be taken into account for purposes of determining the credit in a taxable year.

The Department of the Treasury must report to Congress on the credit to provide information on the number of times the credit was claimed and the number of railcars scrapped or built as a result of the credit.

Cosponsors 68

Members who signed on, in the order they did. Signatures ran from Feb 6, 2023 to Oct 25, 2024, with 29 there on the day it was introduced.

SeatCosponsorSigned on
R-GAA. Drew Ferguson IVOriginalFeb 6, 2023
R-TXBeth Van DuyneOriginalFeb 6, 2023
D-ILBradley Scott SchneiderOriginalFeb 6, 2023
D-MIDaniel T. KildeeOriginalFeb 6, 2023
D-NVDina TitusOriginalFeb 6, 2023
R-NEDon BaconOriginalFeb 6, 2023
D-OREarl BlumenauerOriginalFeb 6, 2023
R-AREric A. "Rick" CrawfordOriginalFeb 6, 2023
R-NCGregory F. MurphyOriginalFeb 6, 2023
D-TXHenry CuellarOriginalFeb 6, 2023
R-TXJake EllzeyOriginalFeb 6, 2023
R-ALJerry L. CarlOriginalFeb 6, 2023
R-INJim BanksOriginalFeb 6, 2023
D-CAJimmy PanettaOriginalFeb 6, 2023
R-TXKay GrangerOriginalFeb 6, 2023
Show all 68 cosponsors

Actions 2

Everything that happened, newest first.

  1. Feb 6, 2023Introduced in House
  2. Feb 6, 2023Referred to the House Committee on Ways and Means.

Subjects

Assigned by the Library of Congress. Policy area: Taxation.

Text 1

Each version as it was printed, newest first.

  1. Feb 6, 2023Introduced in House

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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.