Tax credits, truck limits top small railroads' DC agenda [Yahoo! Finance]
Union Pacific Corporation (UNP)
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Source: Yahoo! Finance
That funding to-do list is led by the 45G tax credit and Consolidated Rail Infrastructure and Safety Improvements (CRISI) grants – critical issues during a legislative educational session at the American Short Line and Regional Railroad Association (ASLRRA) conference here on Monday. A bipartisan House bill to update the vital 45G tax credit, which underpins capital spending at many shortline and regional railroads, was introduced in January by Reps. Mike Kelly, R-Pa., and Mike Thompson, D-Calif., the latter of whom is the chair and ranking member of the Ways and Means Subcommittee on Tax. Technically known as a railroad maintenance credit that is part of the IRS Code of 1986, 45G was created in 2005 and made permanent in 2021. It offers a tax credit of 40 cents per mile of track up to a maximum $3,500 – a figure that hasn't changed in 25 years. The new bill updates 45G to $6,100 per mile to account for inflation, and also indexes the credit to inflation. In addition, it allows
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UNP
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- 10/23/25 - Beat
UNP
Sec Filings
- 12/12/25 - Form 8-K
- 12/12/25 - Form 4
- 12/12/25 - Form 4
- UNP's page on the SEC website