H.R. 516 · 119th Congress · 2025–2026
To amend the Internal Revenue Code of 1986 to modify the railroad track maintenance credit.
H.R. 516 in the 119th Congress (2025–2026) was introduced on Jan 16, 2025, sponsored by Mike Kelly with 182 co-sponsors.
During the 119th Congress (2025–2026), Joe Biden was president, and Republicans held majorities in both the House and Senate.
- Status
- Introduced
- Introduced
- Jan 16, 2025
- Co-sponsors
- 182
- Policy area
- Taxation
What it does
This bill increases the annual limit on the tax credit for qualified railroad track maintenance expenses (also referred to as the short line railroad tax credit) and expands eligibility for claiming the credit.
Summary by the nonpartisan Congressional Research Service.
Sponsor
Mike Kelly (R-PA). Co-sponsors: 70 Democrats, 111 Republicans, 1 Independent.
Where it stands
- IntroducedJan 16, 2025
- Passed the House—
- Passed the Senate—
- Sent to the President—
- Became law—
Latest action: Referred to the House Committee on Ways and Means. (Jan 16, 2025)
More bills from Mike Kelly in the 119th Congress
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- H.R. 7959: IRS Whistleblower Program Improvement Act
- H.R. 8376: Concurrent Care for Comfort Act
- H.R. 9098: Congressional Records Protection Act
- H.R. 9173: Charitable Deductions for Digital Asset Donations Act
- H.R. 9353: To amend the Internal Revenue Code of 1986 to exempt qualified religious institutions from the…
- H.R. 9911: Shipbuilding Investment and Workforce Act
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Other Taxation bills in the 119th Congress
- H.J.Res. 25: Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the…
- H.R. 517: Filing Relief for Natural Disasters Act
- H.R. 998: Internal Revenue Service Math and Taxpayer Help Act
- H.R. 1491: Disaster Related Extension of Deadlines Act
- H.R. 5366: Federal Disaster Tax Relief Act of 2025
- S.J.Res. 3: A joint resolution providing for congressional disapproval under chapter 8 of title 5, United…
- H.R. 33: To amend the Internal Revenue Code of 1986 to provide special rules for the taxation of certain…
- S. 213: Main Street Tax Certainty Act
- H.R. 247: Health Care Affordability Act of 2025
- H.R. 335: Repeal the NFA Act
Committees
More
From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.
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Capitol Receipts, “H.R. 516 (119th Congress): To amend the Internal Revenue Code of…,” https://www.capitolreceipts.com/bill/119-hr-516/to-amend-the-internal-revenue-code-of-1986-to (accessed 2026-10-17).