?With highways and airways becoming increasingly congested, pressure is on the railroads to accommodate the rising tide of freight,? Lott said in a news release. ?Tax relief in the bill would help freight railroads and railroad shippers expand their operations ? adding tracks, rail spurs and signals.?
The bill would create a 25 percent tax credit that would be available to taxpayers spending money for new freight infrastructure.
About the Author(s)
Magnolia Tribune
This article was produced by Magnolia Tribune staff.
More Like This
More From This Author
Previous Story
Next Story
News
|
Zeke Miller, Associated Press
, Josh Boak, Associated Press
, Michelle L. Price, Associated Press
, Mary Clare Jalonick, Associated Press
•
January 16, 2025
Biden won’t enforce TikTok ban, official says, leaving fate of app to Trump
Congress last year in a law signed by Biden required that TikTok’s China-based parent company ByteDance divest the company by Jan. 19.