Summary: S.1703 — 108th Congress (2003-2004)All Information (Except Text)

There is one summary for S.1703. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (10/02/2003)

Local Railroad Rehabilitation and Investment Act of 2003- Amends the Internal Revenue Code to establish a railroad track maintenance credit for qualified railroad track maintenance expenditures with respect to which the expenditures were paid or incurred by the taxpayer for the taxable year for Class II or Class III railroads.