H. R. 1200
Introduced in House · March 11, 2025February 11, 2025
Mr. LaHood (for himself, Mr. Schneider, Mr. Hudson, Ms. Sewell, Mr. Murphy, Ms. Van Duyne, Mr. Valadao, Mr. Nehls, Mr. Bost, Mr. Hern of Oklahoma, Mrs. Miller of West Virginia, Mr. Van Orden, Mr. Carey, Mr. Carter of Louisiana, Mr. Bishop, Mr. Boyle of Pennsylvania, Mrs. Bice, Mr. Weber of Texas, Mr. Bacon, Mr. Ciscomani, Ms. Bonamici, Mr. Hunt, Mr. Westerman, Mr. Ellzey, Ms. Titus, Mr. Panetta, Mr. Moran, Mr. Williams of Texas, Mr. Rouzer, Mr. Crawford, Ms. Sánchez, Mrs. Miller-Meeks, Ms. Davids of Kansas, Mr. Goldman of Texas, Mr. Rogers of Alabama, Mr. Diaz-Balart, Mr. Mann, Mr. Tony Gonzales of Texas, Mr. Fong, Mr. Cuellar, and Mr. Pfluger) introduced the following bill; which was referred to the Committee on Ways and Means
A BILL
To amend the Internal Revenue Code of 1986 to provide a tax credit to encourage the replacement or modernization of inefficient, outdated freight railcars, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. Short title.
This Act may be cited as the “Freight Rail Assets Investment to Launch Commercial Activity Revitalization Act of 2025” or the “Freight RAILCAR Act of 2025”.