Staff Analysis of the Legislation
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This legislation is based off recommendations from the House Rural Development Council. The bill would give income tax credits for expenditures on the maintenance of railroad track owned or leased by a Class III (short line) railroad.
In addition, the bill exempts state owned rail property from a storm water utility fee. Also, all land located within a railroad's right of way and covered with ballast and rail would be exempt from a stormwater utility fee. |