S. 1125 · 110th Congress · 2007–2008
Freight Rail Infrastructure Capacity Expansion Act of 2007
S. 1125 in the 110th Congress (2007–2008) was introduced on Apr 17, 2007, sponsored by Trent Lott with 18 co-sponsors.
During the 110th Congress (2007–2008), George W. Bush was president, and Democrats held the House majority and Republicans the Senate majority.
- Status
- Introduced
- Introduced
- Apr 17, 2007
- Co-sponsors
- 18
- Policy area
- Taxation
What it does
Freight Rail Infrastructure Capacity Expansion Act of 2007 - Amends the Internal Revenue Code to allow: (1) a tax credit for 25% of the cost of new qualified freight rail infrastructure property and new qualified locomotive property; and (2) a taxpayer election to expense the cost of qualified freight rail infrastructure property (i.e., deduct all costs in the current taxable year).
Summary by the nonpartisan Congressional Research Service.
Sponsor
Trent Lott (R-MS). Co-sponsors: 7 Democrats, 11 Republicans.
Where it stands
- IntroducedApr 17, 2007
- Passed the Senate—
- Passed the House—
- Sent to the President—
- Became law—
Latest action: Read twice and referred to the Committee on Finance. (Apr 17, 2007)
Other Taxation bills in the 110th Congress
- H.R. 3678: Internet Tax Freedom Act Amendments Act of 2007
- H.R. 4118: To exclude from gross income payments from the Hokie Spirit Memorial Fund to the victims of the…
- H.R. 3648: Mortgage Forgiveness Debt Relief Act of 2007
- H.R. 3996: Tax Increase Prevention Act of 2007
- H.R. 4839: Tax Technical Corrections Act of 2007
- S. 2436: A bill to amend the Internal Revenue Code of 1986 to clarify the term of the Commissioner of…
- H.R. 6081: Heroes Earnings Assistance and Relief Tax Act of 2008
- H.R. 6532: To amend the Internal Revenue Code of 1986 to restore the Highway Trust Fund balance.
- H.R. 7082: Inmate Tax Fraud Prevention Act of 2008
- S. 14: Invest in America Act
Committees
More
From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.
Cite or embed this page
Capitol Receipts, “S. 1125 (110th Congress): Freight Rail Infrastructure Capacity…,” https://www.capitolreceipts.com/bill/110-s-1125/freight-rail-infrastructure-capacity-expansion-act-of-2007 (accessed 2026-10-17).