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HB 0735 - Income Tax Credit for Short Line Railroads
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Tracking Level: Neutral
Sponsor: Patty Bentley (D)
Last Action: 5/8/2018 - Effective Date
House Committee: Ways and Means
Senate Committee: Finance
Assigned To:
Economic DevelopmentNext Bill
Kathleen BowenNext Bill
TransportationNext Bill

Staff Analysis of the Legislation

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. 


Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text






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