United States 119th Congress Status: In Committee Bipartisan · 30 R · 16 D · 1 I cosponsors

S 1532 — A bill to amend the Internal Revenue Code of 1986 to modify the railroad track maintenance credit.

Last action — Read twice and referred to the Committee on Finance.

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the Senate. Introduced April 30, 2025. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the Senate.

Odds of enactment

Low chance

Based on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Advancing 42% · moderate confidence

  • In Committee

    Current position in the legislative process.

  • 47 sponsors

    1 primary, 46 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 3 parties (30 R · 16 D · 1 I) — cross-party backing.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

Summary

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.

Bill Text

Action History

  1. Introduced in Senate

  2. Read twice and referred to the Committee on Finance.

Sponsors

Sponsorship breakdown

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1 sponsors · 46 co-sponsors · 500 not signed on

Sponsors (1)

Co-sponsors (46)

Not signed on (500)

500 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation
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Frequently asked questions

What does S 1532 do?
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.
Who sponsors S 1532?
S 1532 is sponsored by Crapo, Mike (Republican), Wyden, Ron (Democratic), Thune, John (Republican), Cramer, Kevin (Republican), Moran, Jerry (Republican), Wicker, Roger F. (Republican), Risch, James E. (Republican), Hyde-Smith, Cindy (Republican), Marshall, Roger (Republican), Hassan, Margaret Wood (Democratic), Fischer, Deb (Republican), Sullivan, Dan (Republican), Cotton, Tom (Republican), Warnock, Raphael G. (Democratic), Boozman, John (Republican), Hoeven, John (Republican), Rounds, Mike (Republican), Klobuchar, Amy (Democratic), Heinrich, Martin (Democratic), Scott, Tim (Republican), Husted, Jon (Republican), Bennet, Michael F. (Democratic), Coons, Christopher A. (Democratic), Capito, Shelley Moore (Republican), Luján, Ben Ray (Democratic), Budd, Ted (Republican), Ossoff, Jon (Democratic), Young, Todd (Republican), Daines, Steve (Republican), Tillis, Thomas (Republican), Gallego, Ruben (Democratic), Justice, James C. (Republican), Welch, Peter (Democratic), King, Angus S., Jr. (Independent), Van Hollen, Chris (Democratic), Mullin, Markwayne (Republican), Blunt Rochester, Lisa (Democratic), Smith, Tina (Democratic), Schumer, Charles E. (Democratic), Moreno, Bernie (Republican), Graham, Lindsey (Republican), Britt, Katie Boyd (Republican), Sheehy, Tim (Republican), McCormick, David (Republican), McConnell, Mitch (Republican), Blumenthal, Richard (Democratic), and Murkowski, Lisa (Republican).
What is the current status of S 1532?
This bill is in committee in the Senate. Introduced April 30, 2025. It must pass committee before a floor vote.
Where can I track S 1532?
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