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Bill would extend short‑line railroad tax credit and raise per‑mile amount to $5,000
Summary
Representative Hagan presented House Bill 1070 to extend and increase a tax credit for class‑3 short‑line railroads; supporters including OmniTrax, Georgia Transportation Alliance and CSX said the credit drives maintenance and rural economic development. The committee held a first hearing and requested fiscal details.
Representative Hagan presented House Bill 1070 (L.C. 394886) to the Income Tax Subcommittee of the Ways & Means Committee, asking to extend a short‑line railroad maintenance tax credit (originally enacted in 2018) by five years and to increase the per‑mile credit from $3,500 to $5,000.
Hagan said the credit targets class‑3 short‑line railroads and is intended to accelerate rail infrastructure investment in rural Georgia and to support freight movement tied to port expansion in Savannah. He provided industry cost examples, including testimony that installing new rail can cost about $3,000,000 per mile…
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