Senate Bill 203
116th Congress(2019-2020)
BRACE Act of 2019
Introduced
Introduced
Introduced in Senate on Jan 24, 2019
Overview
Text
Sponsor
Introduced
Jan 24, 2019
Latest Action
Jan 24, 2019
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
203
Congress
116
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
Sponsorship by Party
Idaho
Minnesota
Arkansas
California
Colorado
Connecticut
Delaware
Indiana
Kentucky
Louisiana
Louisiana
Maryland
Massachusetts
Massachusetts
Michigan
Minnesota
Mississippi
Mississippi
Missouri
Montana
Nebraska
New Hampshire
New Hampshire
New Jersey
New Mexico
New Mexico
North Carolina
North Dakota
North Dakota
Oklahoma
Oregon
Pennsylvania
South Carolina
South Dakota
South Dakota
Washington
West Virginia
Wisconsin
No Senate votes have been held for this bill.
Summary

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 beginning on or after January 1, 2018, and before January 1, 2019, must be treated as effective as of the close of such taxable year if they are made pursuant to a written agreement entered into within 90 days of the enactment of this bill.

Text (1)
January 24, 2019
Actions (2)
01/24/2019
Read twice and referred to the Committee on Finance.
01/24/2019
Introduced in Senate
Public Record
Created
Jan 25, 2019 6:10:13 AM
Updated
Jun 11, 2021 10:00:06 PM