Pub. L. 116-260, div. EE, tit. I, subtit. A, sec. 105 (as amended)
RAILROAD TRACK MAINTENANCE CREDIT.
SEC. 105. RAILROAD TRACK MAINTENANCE CREDIT.
(a) Made Permanent.—Section 45G is amended by striking subsection (f).
(b) Modification of Credit Rate.—Section 45G(a) is amended by striking “50 percent” and inserting “40 percent (50 percent in the case of any taxable year beginning before January 1, 2023)”.
(c) [26 U.S.C. 45G note] Effective Date.—The amendments made by this section shall apply to taxable years ending after the date of the enactment of this Act.
- Cross-references to the US Code
- 26 U.S.C. 45G note