Freight RAILCAR Act Introduced
Six U.S. Representatives—three Democrats and three Republicans—have introduced bipartisan legislation enabling a tax credit for freight railcar owners purchasing new or refurbishing existing equipment that “will incentivize investment in safer, greener freight railcar manufacturing in the United States.” The legislation, H.R. 8082, is the “Freight Rail Assistance and Investment to Launch Coronavirus-era Activity and Recovery (RAILCAR) Act.”