Short line railroad tax credit.
Short line railroad tax credit.
Authorizes a tax credit for certain railroad infrastructure investments
Establishes an income and corporate franchise tax credit for Class II and Class III railroads (EN -$2,000,000 GF RV See Note)
Railroad Modernization Act of 2019, to change the administering agency from Dept. of Commerce to the Dept. of Revenue for the tax credit program, annual cap on income tax credits increased, sunset date extended for five years through tax year 2027, Secs. 37-11C-2, 37-11C-3, 37-11C-4, 37-11C-5, 37-11C-6 am'd.
Rail Infrastructure Tax Credit
Establishes tax credits for certain engineering degrees