H. R. 9522 aims to change the Internal Revenue Code so that companies maintaining railroad tracks can get more tax credits. The bill proposes increasing the existing credit from $3,500 to $6,100 per mile of track. It also introduces an inflation adjustment, which means the...
Simple Explanation
This bill wants to give more money back to companies that take care of railroad tracks, by letting them save more on their taxes for each mile of track they fix, and even adjust that amount for inflation so it could grow in the future.