Freight RAILCAR Act of 2025 provides a tax credit for modernizing or replacing inefficient freight railcars.

The Freight RAILCAR Act of 2025 amends the Internal Revenue Code to introduce a tax credit for freight railcar fleet modernization expenses. This credit applies to expenses related to the replacement or modernization of freight railcars that meet specific criteria, including significant improvements in capacity or performance. The credit is limited to 1,000 qualified freight railcars per taxpayer per year. The bill also mandates a report on the credit's impact, including the number of railcars modernized, scrapped, or newly built as a result of the credit.

Freight RAILCAR Act of 2025 provides a tax credit for modernizing or replacing inefficient freight railcars.

The Freight RAILCAR Act of 2025 amends the Internal Revenue Code to introduce a tax credit for freight railcar fleet modernization expenses. This credit applies to expenses related to the replacement or modernization of freight railcars that meet specific criteria, including significant improvements in capacity or performance. The credit is limited to 1,000 qualified freight railcars per taxpayer per year. The bill also mandates a report on the credit's impact, including the number of railcars modernized, scrapped, or newly built as a result of the credit.