SB185 Alabama 2019 Session
Bill Summary
This bill would allow a tax credit against the state income tax of an eligible taxpayer's qualified railroad reconstruction or replacement expenditures, which includes the maintenance, reconstruction, or replacement of railroad infrastructure within the state that is owned or leased by the eligible taxpayer.
This bill would allow an eligible taxpayer who receives the tax credit to transfer the tax credit under certain conditions.
Relating to tax credits; to create The Railroad Modernization Act of 2019; to authorize a tax credit against the state income tax of an eligible taxpayer's qualified railroad reconstruction or replacement expenditures; and to authorize the transfer of the credit.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| April 2, 2019 | S | Read for the first time and referred to the Senate committee on Finance and Taxation General Fund |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB185 Alabama 2019 Session - Introduced |
Source: Alabama Legislature