This document contains regulations
that provide rules for claiming the railroad track maintenance
credit under section 45G of the Internal Revenue Code for qualified
railroad track maintenance expenditures paid or incurred by a Class
II or Class III railroad and other eligible taxpayers during the
taxable year. These regulations reflect changes to the law made by
the American Jobs Creation Act of 2004 and the Gulf Opportunity
Zone Act of 2005.
US Code:
26
USC 45G Name of Law: Railroad Track Mainteance Credit
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the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
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these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.