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Bill Seeks Tax Breaks for Rail Improvement Projects

1:44 PM MDT | April 25, 2007 | Chemical Week Editorial Staff

Lott: Aims to boost rail infrastructure. The Association of American Railroads (AAR; Washington) says it supports a new bill that would provide a 25% tax incentive for capital expenditures by any business investing in new track, intermodal facilities, rail yards, locomotives, or other rail infrastructure expansion projects. The Freight Rail Infrastructure Capacity Expansion Act, introduced by senators Trent Lott (R., MS) and Kent Conrad (D., ND), “will help expand the freight rail infrastructure to meet the 67% spike in freight traffic predicted by the...

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