Summary: H.R.4494 — 111th Congress (2009-2010)All Information (Except Text)

There is one summary for H.R.4494. Bill summaries are authored by CRS.

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Introduced in House (01/21/2010)

Amends the Internal Revenue Code to allow a general business tax credit for 30% of the basis of an eligible lightweight coal freight car. Defines "eligible lightweight coal freight car" as any freight car: (1) designed to carry coal by rail; (2) the tare weight of which does not exceed 50,000 pounds; and (3) substantially all of the manufacturing of which occurred in the United States. Terminates such credit after 2013.