House Ways and Means Education Hearing
Room 200 at 09:00:00

Under existing law, there exists the Railroad Modernization Act of 2019, which allows a tax credit against the state income tax of an eligible taxpayer's qualified railroad reconstruction or replacement expenditures within the state that is owned or leased by the eligible taxpayer.
This bill would amend the Railroad Modernization Act of 2019 to increase the per mile credit amount; to increase the annual cap on income tax credits; and to extend the sunset date.
Pending Senate Finance and Taxation Education
Read for the first time and referred to the Senate Committee on Finance and Taxation Education
Engrossed
Motion to Read a Third Time and Pass as Amended - Adopted Roll Call 398
Motion to Adopt - Adopted Roll Call 397 6YEMF31-1
Ways and Means Education Engrossed Substitute Offered 6YEMF31-1
Third Reading in House of Origin
Read for the Second Time and placed on the Calendar
Reported Out of Committee House of Origin from House Ways and Means Education 6YEMF31-1
Pending House Ways and Means Education
Read for the first time and referred to the House Committee on Ways and Means Education
Room 200 at 09:00:00
Source: Alabama Legislature