Soy Transportation Coalition


	Senate OKs Short Line Railroad Tax Credit Extension The U.S. Senate has passed H.R. 4213, the American Workers, State and Business Relief Act of 2010. The bill includes a one-year extension of the infrastructure investment tax credit for short lines, regionals, switching/terminal railroads and contractors. House action is still required. The language approved by the Senate is as follows: “Expenditures for Maintaining Railroad Tracks. The bill extends for one year, through 2010, the railroad maintenance credit that provides Class II and Class III railroads (generally, short line and regional railroads) with a tax credit equal to 50 percent of gross expenditures for maintaining railroad tracks that they own or lease. This credit is allowable against the AMT. This revision is effective for expenses paid or incurred in taxable years beginning after Dec. 31, 2009. This proposal is estimated to cost $165 million over ten years.” Source: Railway Age


	The Soy Transportation Coalition is comprised of seven state soybean boards, the American Soybean Association, and the United Soybean Board. The National Grain and Feed Association and the National Oilseed Processors Association serve as ex-officio members of the organization.