Perseverance is a virtue, and 2020 required all the perseverance one could muster. The pandemic, the disruption of the workplace and of ordinary commerce, trade disputes, our unsettled politics—all contributed to a year that affected every American citizen and business.
Sixty-two and 294—these two numbers may seem arbitrary to some, but they’re music to the ears of Short Line Tax Credit supporters.
Congressman Andy Barr (R-KY) recently joined the Railway Engineering-Maintenance Suppliers Association (REMSA) and its member Contech Engineered Solutions at their manufacturing facility in Winchester, Ky.
Congressman Dan Kildee (D-MI-5) recently joined representatives from Lake State Railway (LSRC) for a tour and transportation public policy discussion at LSRC headquarters in Saginaw, Mich.
The House Ways & Means Committee on June 20 favorably reported-out H.R. 3301,the Taxpayer Certainty and Disaster Tax Relief Act of 2019. The 45G railroad infrastructure maintenance tax credit is covered in Section 112, which extends 45G to Jan. 1, 2021 and retroactively to Jan. 1, 2018. (45G expired on Dec. 31, 2017.)
The time is now, say the 1,000 railroad and supplier members of the American Short Line and Regional Railroad Association (ASLRRA), for Congress to act on the Short Line 45G tax credit, expired since December 2017.
When last we heard from American Short Line and Regional Railroad Association (ASLRRA) President Chuck Baker, he was testifying before the Senate Commerce Committee, Subcommittee on Transportation and Safety on the role Class II and III railroads play in supporting intermodal connections across the U.S. surface transportation network. He also urged support for the Short Line 45-G Tax Credit.
On the heels of Tuesday’s House Ways and Means Select Revenue Measures Subcommittee hearing on Temporary Policy in the Internal Revenue Code, American Short Line and Regional Railroad Association President Chuck Baker submitted comments to Congress to take action on tax-extender policies that include the 45G Short Line Tax Credit.
In one of his first appearances before Congress as President of the American Short Line and Regional Railroad Association (ASLRRA), Chuck Baker testified before the Senate Commerce Committee, Subcommittee on Transportation and Safety on the role Class II and III railroads play in supporting intermodal connections across the U.S. surface transportation network.
On Feb. 11, HR 510, which calls for permanence of the 45-G short line tax credit, formally received its 100th co-sponsor. The bill, introduced Jan. 11 by Reps. Earl Blumenauer (D-Ore.) and Mike Kelly (R-Pa.), “has rapidly garnered significant bi-partisan support, as it has every Congress since the credit was introduced in 2004,” said the American Short Line and Regional Railroad Association (ASLRRA). “House support for this legislation is growing at a record pace, with 106 co-sponsors in just four weeks.”
