RAIL INFRASTRUCTURE TAX CREDIT

Summary

The bill lets qualifying rail companies claim a credit equal to half of their eligible reconstruction, replacement, or new rail‑infrastructure costs, with caps based on track miles or per new customer project. Credits are awarded through a certificate from the Department of Transportation and can be transferred or carried forward for up to five years. The aim is to boost freight capacity, cut highway impacts, and help New Mexico businesses stay competitive.

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

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