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IRS Begins Soliciting Comments on RR Tax Credit Regs
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[quote]QUOTE: <i>Originally posted by AntonioFP45</i> <br /><br />Good! <br /> <br />Shortlines? <br /> <br />Do Class 1 railroads have something similar. After looking at some CSX mainline trackage, seems like it can use all the help it can get!!!!!!!!!!!!!! <br />[/quote] <br /> <br />No, the short lines lobbied hard for this legislation over several years. Class 1s sought and received a repeal of the 4.3 cent railroad fuel tax at the same time. That was not tied to any sort of tax credit. <br /> <br />LC
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