|
|||||||||
Short Line Tax Credit Extended On Friday, December 17, President Barack Obama signed the Middle Class Tax Relief Act of 2010, which included an extension of the short line tax credit for two years. The legislation extends the short line railroads’ Section 45G tax credit in 2010 and 2011. The current tax credit was allowed to expire on December 31, 2009. The provision allows short line and regional railroads to benefit from a tax credit of 50 cents for every dollar invested for infrastructure repairs and improvements up to a maximum of $3,500 per mile of track owned or leased by the railroad. | |||||||||
The Soy Transportation Coalition is comprised of thirteen 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. | |||||||||
|
|||||||||
Funded by the Soybean Checkoff |