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Committee advances short‑line railroad tax credit to spur track upgrades and industrial development
Summary
Senate Bill 292, which would give short‑line and regional railroads a tax credit equal to 50% of qualifying track, crossing and signal investments and includes an industrial‑development credit, was amended and recommitted after testimony from short‑line operators about jobs and infrastructure needs.
The Homeland Security and Transportation Committee voted to amend and recommit Senate Bill 292 to Tax and Fiscal after testimony from short‑line railroad operators and trade groups who said the tax credit would help them upgrade crossings, rails and signals and support local industrial development.
Senator Dorio, sponsor of SB 292, described the bill as a tool to help small, local railroads upgrade infrastructure. "We would like to do have a ... tax credit for these railroads ... and they would get 50% of the cost of that in a tax credit as they upgrade these rails and crossings," the sponsor said on the record.
Witnesses from Indiana’s short‑line railroads and trade groups told the committee the sector is capital‑intensive and often self‑funded, and that public…
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