Proposal:BRACE Act of 2019

This proposal is archived and closed to further debate. It was introduced in the 116th Congress, which has concluded, and the bill was not enacted into law.

Bill	HR 510
Type of Legislation	House Bill
Congress	116
Source	View original on Congress.gov

Geographic Scope

National

Description

Building Rail Access for Customers and the Economy Act of 2019 or the BRACE Act of 2019

This bill permanently extends the tax credit for railroad track maintenance. The extension applies to expenditures paid or incurred during tax years beginning after 2017. Assignments of miles of railroad track, including related expenditures, for tax years ending after 2017 must be treated as timely if they are made pursuant to a written agreement entered into within 90 days of the enactment of this bill.

Bill Title

BRACE Act of 2019

Linked Goals

• Goal:Promote General Welfare

Steps

• 2019-01-11: Referred to the House Committee on Ways and Means.
• 2019-01-11: Introduced in House
• 2019-01-11: Introduced in House

Projected Outcome

A more informed proposal or public response aligned with the Promote General Welfare goal.