Railroad Modernization Act of 2019, to increase the cap on income tax credits and extend the sunset date for five years through tax year 2032
Third Reading in House of Origin
Summary
The bill raises the maximum state income‑tax credit per mile of railroad track from $3,500 to $4,100, increases the annual amount of credits that can be reserved, and pushes the program’s sunset date to 2032. It creates a dedicated Railroad Rehabilitation Income Tax Credit Account funded from sales‑tax revenue to cover the credits, and allows the credit to be refunded or transferred to other entities. The changes affect railroad owners, lessees, and any business entity that spends money on railroad rehabilitation in Alabama.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
Track this bill
Get real-time alerts when HB 190 changes status, plus AI-powered summaries and stage predictions.
Sign up free