All Information (Except Text) for S.203 - BRACE Act of 2019116th Congress (2019-2020) |
|Sponsor:||Sen. Crapo, Mike [R-ID] (Introduced 01/24/2019)|
|Committees:||Senate - Finance|
|Latest Action:||Senate - 01/24/2019 Read twice and referred to the Committee on Finance. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
- Passed Senate
- Passed House
- To President
- Became Law
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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries
Short Titles - Senate
Short Titles as Introduced
BRACE Act of 2019
Building Rail Access for Customers and the Economy Act of 2019
Actions Overview (1)
|01/24/2019||Introduced in Senate|
01/24/2019 Introduced in Senate
All Actions (1)
|01/24/2019||Read twice and referred to the Committee on Finance.|
Action By: Senate
01/24/2019 Read twice and referred to the Committee on Finance.
|Committee / Subcommittee||Date||Activity||Reports|
|Senate Finance||01/24/2019||Referred to|
Subject — Policy Area:
One Policy Area term, which best describes an entire measure, is assigned to every public bill or resolution.
Latest Summary (1)
Introduced in Senate (01/24/2019)
Building Rail Access for Customers and the Economy Act of 2019 or the BRACE Act of 2019
This bill permanently extends the tax credit for railroad track maintenance. The extension applies to expenditures paid or incurred during tax years beginning after 2017. Assignments of miles of railroad track, including related expenditures, for tax years beginning on or after January 1, 2018, and before January 1, 2019, must be treated as effective as of the close of such taxable year if they are made pursuant to a written agreement entered into within 90 days of the enactment of this bill.