SB 418 - This act reauthorizes a tax credit for eligible expenses incurred in the manufacture, maintenance, or improvement of a freight line company's qualified rolling stock, which expired on August 28, 2020. Such credit shall be reauthorized until August 28, 2027.

This act identical to a provision contained in SS/SCS/SB 354 (2021) and is substantially similar to SB 1081 (2020) and to a provision contained in HCS/SCS/SB 616 (2020) and SB 454 (2019).


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