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House bill · H.R. 516 (119th Congress)

To amend the Internal Revenue Code of 1986 to modify the railroad track maintenance credit.

U.S. House of Representatives

Latest action Mar 18, 2025

Sponsor: Mike Kelly (U.S. Representative, PA-16, Republican)

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From Congress.gov and official rosters. This record was last updated Jul 30, 2026. About our data

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.

Summary from the Congressional Research Service. How we handle summaries

Where it stands

Assigned to a committee for review.

  1. Introduced
  2. In committee
  3. Up for a vote
  4. Passed one chamber
  5. Passed
  6. Enacted

Committee

House Committee on Ways and Means · U.S. House of Representatives

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Cosponsors

177

Showing the 174 who are on Agora, A to Z. Congress.gov listed 177 as of Aug 1, 2026.

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  • Republican106
  • Democratic67
  • Other1

This bill has cosponsors from more than one party.

Party is shown for the 174 cosponsors who are on Agora.

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Related bills

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Full history

  1. Mar 18, 2025

    Introduced

    Introduced in U.S. House

    U.S. House

  2. Jan 16, 2025

    Introduced

    Introduced in House

    U.S. House of Representatives

  3. Jan 16, 2025

    In committee

    Referred to the House Committee on Ways and Means.

    U.S. House

  4. Jan 16, 2025

    Referred to committee

    Referred to the House Committee on Ways and Means.

    U.S. House of Representatives

Read the record