Personal Income Tax Law: Corporation Tax Law: credits: shortline railroad expenditures and railroad infrastructure.

Legislative status

1. Introduced
2. In Committee
3. Reported by Committee
4. Floor Vote Scheduled
5. Passed One Chamber
6. Passed Both Chambers
7. Sent to Executive
8. Signed into Law

Summary

The Shortline Railroad Modernization Act of 2026 adds new tax credits to the Personal Income Tax and Corporation Tax Laws. Qualified shortline rail operators and owners of rail sidings can claim a credit equal to 50% of eligible railroad spending, with a separate 50% credit for new rail‑infrastructure projects. The credits are limited by project caps and an overall annual $10 million ceiling, and they can be carried forward or sold under strict reporting rules.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Vote

From committee: Do pass and re-refer to Com. on APPR. (Ayes 12. Noes 0. Page 3985.) (April 21). Re-referred to Com. on APPR. · Apr 22, 2026

Hearings

• Appropriations Committee Hearing
  Appropriations · May 14, 2026
• Appropriations Committee Hearing
  Appropriations · May 4, 2026
• Transportation Committee Hearing
  Transportation · Apr 21, 2026
• Transportation
  Senate Transportation Committee · Apr 21, 2026
• Revenue and Taxation Committee Hearing
  Revenue and Taxation · Apr 8, 2026

History

1. May 14, 2026May 14 hearing: Held in committee and under submission.
2. May 8, 2026Set for hearing May 14.
3. May 4, 2026May 4 hearing: Placed on APPR. suspense file.
4. Apr 24, 2026Set for hearing May 4.
5. Apr 22, 2026From committee: Do pass and re-refer to Com. on APPR. (Ayes 12. Noes 0. Page 3985.) (April 21). Re-referred to Com. on APPR.
6. Apr 14, 2026Set for hearing April 21.
7. Apr 9, 2026Read second time and amended. Re-referred to Com. on TRANS.
8. Apr 8, 2026From committee: Do pass as amended and re-refer to Com. on TRANS. (Ayes 5. Noes 0. Page 3795.) (April 8).
9. Mar 25, 2026Set for hearing April 8.
10. Mar 4, 2026Referred to Coms. on REV. & TAX. and TRANS.
11. Feb 23, 2026Read first time.
12. Feb 23, 2026From printer. May be acted upon on or after March 23.

The 12 most recent of 13 recorded actions.

Sponsors

• Hurtado · sponsor

Bill text

Opens the legislature’s own copy.

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