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Committee hears "Railroad Modernization" tax-credit bill aimed at short-line rail investment
Summary
Representative Travis Wilson presented a bill to create a tax credit to incentivize short-line railroad track investment and new industrial rail spurs; supporters said the credit would help maintain infrastructure, reduce truck traffic and spur economic development in Missouri communities.
The House Committee on Economic Development heard testimony on House Bill 669 — described in testimony as the "Missouri Short Line Railroad and Railroad Modernization Act" — which would create a state tax credit to help short-line railroads rebuild track and support new rail-served customers.
Representative Travis Wilson (presenting for a cosponsor) told the committee that beginning Jan. 1, 2026, eligible taxpayers could claim a nonrefundable tax credit equal to 50% for qualified railroad track expenditures or new qualified railroad track expenditures, subject to statutory caps included in the bill language.…
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