House Bill 190 Alabama 2026 Session

Summary

Primary Sponsor

Alan Baker Representative

Republican

Session

2026 Regular Session

Title

Railroad Modernization Act of 2019, to increase the cap on income tax credits and extend the sunset date for five years through tax year 2032

Description

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.

Show more Show less

Subjects

Taxation & Revenue