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Main Subject: Taxation

Building Rail Access for Customers and the Economy Act of 2019 or the BRACE Act of 2019

This bill permanently extends the tax credit for railroad track maintenance. The extension applies to expenditures paid or incurred during tax years beginning after 2017. Assignments of miles of railroad track, including related expenditures, for tax years ending after 2017 must be treated as timely if they are made pursuant to a written agreement entered into within 90 days of the enactment of this bill.

S203-116, S617-116,

House floor actions Actions

IntroReferral
Jan. 11 2019	Referred to the House Committee on Ways and Means.

Library of Congress Actions

IntroReferral
Jan. 11 2019	Introduced in House Introduced in House

House bill HR510-116

BRACE Act of 2019

House bill HR510-116

BRACE Act of 2019

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