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H.R. 516

U.S. House•In House Committee

Summary

H.R. 516, to amend the Internal Revenue Code of 1986 to modify the railroad track maintenance credit, was introduced in the House on Jan 16, 2025 by Rep. Mike Kelly (R) with 182 co-sponsors. It was referred to Ways And Means, and last saw action on Jan 16, 2025: Referred to the House Committee on Ways and Means.

Record

Text

H.R. 516 has 182 co-sponsors.

hb516/introduced-in-house.txt
119 HR 516 IH: To amend the Internal Revenue Code of 1986 to modify the railroad track maintenance credit.
 U.S. House of Representatives
 2025-01-16
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 I  119th CONGRESS  1st Session  H. R. 516  IN THE HOUSE OF REPRESENTATIVES   January 16, 2025   Mr. Kelly of Pennsylvania  (for himself and  Mr. Thompson of California ) introduced the following bill; which was referred to the  Committee on Ways and Means    A BILL
To amend the Internal Revenue Code of 1986 to modify the railroad track maintenance credit.
1.
Modification of railroad track maintenance credit
(a)
Increase in credit amount
(1)
In general
 Section 45G(b)(1)(A)  of the Internal Revenue Code of 1986 is amended by striking  $3,500  and inserting  $6,100 .
(2)
Inflation adjustment
Section 45G of such Code is amended by adding at the end the following new subsection:
(f)
Inflation adjustment
(1)
In general
In the case of a taxable year beginning after 2025, the $6,100 amount in subsection (b)(1)(A) shall be increased by an amount equal to—
(A)
such dollar amount, multiplied by
(B)
the cost-of-living adjustment determined under section 1(f)(3) for the calendar year in which the taxable year begins, determined by substituting  calendar year 2024  for  calendar year 2016  in subparagraph (A)(ii) thereof.
(2)
Rounding
Any increase determined under paragraph (1) which is not a multiple of $100 shall be rounded to the nearest multiple of $100.
 .
(b)
Qualified railroad track maintenance expenditures
 Section 45G(d)  of the Internal Revenue Code of 1986 is amended by striking  January 1, 2015  and inserting  January 1, 2024 .
(c)
Effective date
The amendments made by this section shall apply to expenditures paid or incurred in taxable years beginning after December 31, 2024.

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

  1. Introduced2025-01-16
  2. Passed House
  3. Passed Senate
  4. Conference
  5. To President
  6. Became Law

CRS Summary

The summaries are the Congressional Research Service’s, one per stage. Read them in full.

Introduced in House Jan 16, 2025

hb516/introduced-in-house.md

Shown Here:
Introduced in House (01/16/2025)

This bill increases the annual limit on the tax credit for qualified railroad track maintenance expenses (also referred to as the short line railroad tax credit) and expands eligibility for claiming the credit.

Under current law, the tax credit is limited each tax year to $3,500 multiplied by the sum of the number of miles of railroad track owned or leased by the taxpayer (miles owned or leased) and the number of railroad track miles assigned to the taxpayer by a Class II or III railroad (miles assigned). This bill increases the annual limit to $6,100 multiplied by the sum of miles owned or leased and miles assigned. The $6,100 amount used in the calculation of the tax credit limit is adjusted for inflation for tax years beginning after 2025.

The bill also expands eligibility for the tax credit to include gross expenses for maintaining railroad tracks owned or leased as of January 1, 2024. Under current law, the tax credit is limited to gross expenses for maintaining railroad tracks owned or leased as of January 1, 2015.

Sponsors

Rep. Mike Kelly (R) sponsors H.R. 516, and 182 members have co-sponsored it, 1 of them from the day it was introduced.

Committees

H.R. 516 went before 1 committee: Ways and Means.

Ways and Means
Ways and Means
Referred To · Jan 16, 2025 · 1,160 Bills

Actions

H.R. 516 has taken 2 actions since Jan 16, 2025.

ChamberAction
Jan 16, 2025
House
Introduced in House
Jan 16, 2025
House
Referred to the House Committee on Ways and Means.Ways and Means Committee

Votes

H.R. 516 has not gone to a roll call.

1 bill is related to H.R. 516, as Identical bill.

Titles

H.R. 516 goes by 2 titles.

  • To amend the Internal Revenue Code of 1986 to modify the railroad track maintenance credit. — Display Title
  • To amend the Internal Revenue Code of 1986 to modify the railroad track maintenance credit. — Official Title as Introduced

Lobbying

14 clients hired 8 firms and 17 registered lobbyists who named H.R. 516 in 61 quarterly filings, 2025 to 2026. Reported under the Lobbying Disclosure Act; a filing’s income covers everything its registrant worked that quarter, so the amounts below are the filings’, not this bill’s.

Filed under Railroads, Taxation/Internal Revenue Code, Budget/Appropriations, Transportation, Agriculture, Energy/Nuclear, Marine/Maritime/Boating/Fisheries, Natural Resources.

Clients

Who paid to be heard, by how many filings named the bill.

ClientBusinessStateFirmsFilingsReported
OMNITRAX, INC.Short line and regional freight railroad holding companyColorado17$3.2M
PATRIOT RAIL COMPANY (FKA PIONEER LINES (FKA PIONEER RAILCORP))Short line railroad holding companyColorado16$740K
IOWA INTERSTATE RAILROAD, LTDFreight railroad serving Iowa and IllinoisIowa16$572K
RED RIVER VALLEY & WESTERN RAILROAD COMPANYRegional freight railroadNorth Dakota16$330K
ALASKA RAILROAD CORP—Alaska16$300K
P&L TRANSPORTATION, INC. (FKA APPALACHIAN & OHIO RAILROAD, INC.)Short line freight railroadKentucky16$130K
AMERICAN SHORT LINE AND REGIONAL RAILROAD ASSOCIATION—District of Columbia16—
ANACOSTIA RAIL HOLDINGS COMPANYHoldings company for short-line freight railroads.Illinois15$60K
PALMETTO RAILWAYS, A DIVISION OF THE SC DEPARTMENT OF COMMERCEClass III Shortline RailroadSouth Carolina14$80K
NATIONAL RAILROAD CONSTRUCTION AND MAINTENANCE ASSOCIATIONrailroad trade associationDistrict of Columbia12$60K
KOPPERS, INC.ManufacturingPennsylvania12—
RAILWAY ENGINEERING MAINTENANCE SUPPLIERS ASSOCIATIONRailway supplier trade associationDistrict of Columbia12—
TACOMA PUBLIC UTILITIES—Washington12—
TWIN CITIES & WESTERN RAILROAD COMPANYSmall business freight railroadMinnesota11—

Firms

Registrants who filed on the bill, by filings.

RegistrantClientsFilingsReported
VIKING NAVIGATION LLC632$5M
AMERICAN SHORT LINE AND REGIONAL RAILROAD ASSOCIATION16—
BLANK ROME GOVERNMENT RELATIONS16$300K
CARPI & CLAY, INC15$60K
TCH GROUP, LLC14$80K
TGA ASSOCIATION MANAGEMENT SOLUTIONS, LLC24$60K
KOPPERS INC.12—
TACOMA PUBLIC UTILITIES12—

Lobbyists

Named on the filings that cite the bill.

LobbyistFirmsClientsFilings
ADAM NORDSTROM1632
CJ ZANE116
CRYSTAL GITCHELL116
DONALD NORDEN116
GENEVIEVE COWAN116
KATIE KACHEL116
NICOLE BREWIN116
RICHARD SHERMAN116
JULIE MINERVA115
MATTHEW GINSBERG124
MICHAEL TONGOUR114
ADDISON SHEPPARD112
ASHLEY WIELAND112
CHRIS ROBINSON112
KEVIN WASHINGTON112
LATASHA WORTHAM112
LAUREN ADLER112

Filings

The documents themselves, on the Senate’s Lobbying Disclosure site, largest reported first.

ClientRegistrantPeriodReportedDocument
OMNITRAX, INC.VIKING NAVIGATION LLC2025 third_quarter$680K3rd Quarter - Report
OMNITRAX, INC.VIKING NAVIGATION LLC2025 second_quarter$680K2nd Quarter - Report
OMNITRAX, INC.VIKING NAVIGATION LLC2025 first_quarter$680K1st Quarter - Report
OMNITRAX, INC.VIKING NAVIGATION LLC2025 fourth_quarter$500K4th Quarter - Report
OMNITRAX, INC.VIKING NAVIGATION LLC2025 third_quarter$450K3rd Quarter - Amendme…
PATRIOT RAIL COMPANY (FKA PIONEER LINES (FKA PIONEER RAILCORP))VIKING NAVIGATION LLC2026 second_quarter$230K2nd Quarter - Report
KOPPERS, INC.KOPPERS INC.2025 first_quarter$200K1st Quarter - Report
IOWA INTERSTATE RAILROAD, LTDVIKING NAVIGATION LLC2025 third_quarter$160K3rd Quarter - Report
IOWA INTERSTATE RAILROAD, LTDVIKING NAVIGATION LLC2025 second_quarter$160K2nd Quarter - Report
IOWA INTERSTATE RAILROAD, LTDVIKING NAVIGATION LLC2025 first_quarter$160K1st Quarter - Report
AMERICAN SHORT LINE AND REGIONAL RAILROAD ASSOCIATIONAMERICAN SHORT LINE AND REGIONAL RAILROAD ASSOCIATION2026 second_quarter$145.5K2nd Quarter - Report
AMERICAN SHORT LINE AND REGIONAL RAILROAD ASSOCIATIONAMERICAN SHORT LINE AND REGIONAL RAILROAD ASSOCIATION2026 first_quarter$145.5K1st Quarter - Report
AMERICAN SHORT LINE AND REGIONAL RAILROAD ASSOCIATIONAMERICAN SHORT LINE AND REGIONAL RAILROAD ASSOCIATION2025 fourth_quarter$145.5K4th Quarter - Report
AMERICAN SHORT LINE AND REGIONAL RAILROAD ASSOCIATIONAMERICAN SHORT LINE AND REGIONAL RAILROAD ASSOCIATION2025 third_quarter$145.5K3rd Quarter - Report
AMERICAN SHORT LINE AND REGIONAL RAILROAD ASSOCIATIONAMERICAN SHORT LINE AND REGIONAL RAILROAD ASSOCIATION2025 second_quarter$145.5K2nd Quarter - Report
PATRIOT RAIL COMPANY (FKA PIONEER LINES (FKA PIONEER RAILCORP))VIKING NAVIGATION LLC2025 third_quarter$140K3rd Quarter - Report
OMNITRAX, INC.VIKING NAVIGATION LLC2026 second_quarter$130K2nd Quarter - Report
PATRIOT RAIL COMPANY (FKA PIONEER LINES (FKA PIONEER RAILCORP))VIKING NAVIGATION LLC2026 first_quarter$130K1st Quarter - Report
AMERICAN SHORT LINE AND REGIONAL RAILROAD ASSOCIATIONAMERICAN SHORT LINE AND REGIONAL RAILROAD ASSOCIATION2025 first_quarter$128K1st Quarter - Report
PATRIOT RAIL COMPANY (FKA PIONEER LINES (FKA PIONEER RAILCORP))VIKING NAVIGATION LLC2025 second_quarter$110K2nd Quarter - Report

Classification

The Congressional Research Service files H.R. 516 under Taxation, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; H.R. 516’s is Taxation.

hr516/policy-areas.txt
TaxationAgriculture and FoodAnimalsArmed Forces and National SecurityArts, Culture, ReligionCivil Rights and Liberties, Minority IssuesCommerceCongressCrime and Law EnforcementEconomics and Public FinanceEducationEmergency ManagementEnergyEnvironmental ProtectionFamiliesFinance and Financial SectorForeign Trade and International FinanceGovernment Operations and PoliticsHealthHousing and Community DevelopmentImmigrationInternational AffairsLabor and EmploymentLawNative AmericansPublic Lands and Natural ResourcesScience, Technology, CommunicationsSocial WelfareSports and RecreationTransportation and Public WorksWater Resources Development

Constitutional authority

The clause the sponsor cites as Congress’s power to enact H.R. 516, as entered in the Congressional Record.

[Congressional Record Volume 171, Number 9 (Thursday, January 16, 2025)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. KELLY of Pennsylvania:H.R. 516.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8, Clause 1[Page H223]

Source: congress.gov · legiscan.com