CSPAN2 U.S. Senate U.S. Senate July 14, 2024
Only accelerate when a business may deduct certain deductions and not whether the costs are deductible in the first place. However, the most costly of what i term general business incentives is also likely the most popular. Im going to show you in just a minute. The most popular because it has such an overwhelming number of cosponsors in both bodies. That is the shortline tax credit. This provision offers a tax ched to shortline railroads for qualified maintenance expenditures. This credit isnt available to the largest railroads, what we call the class one railroads. This credit benefits small...