Missouri SB1461 authorizes a tax credit for railroad infrastructure investments.
Missouri SB1461 creates a tax credit for eligible taxpayers who make qualified railroad expenditures or qualified new rail infrastructure expenditures in Missouri. Eligible taxpayers include short line railroad companies and owners or lessees of rail sidings, industrial spurs, or industry tracks. The credit is equal to 50% of the qualified expenditures, with limits of $1 million per new rail-served customer project and $5 million per year for new rail infrastructure. Unused credits can be carried forward for up to five years.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.