ESTABLISHING CREDIT : SMALL-ROAD OPERATORS HOPE FORTHCOMING IRS RULES PROVIDE ANSWERS TO LINGERING QUESTIONS ABOUT FEDERAL-TAX CREDIT PROGRAM

The Transportation Equity Act for the 21st Century (TEA-21) contains a program known as the Railroad Rehabilitation and Improvement Financing (RRIF) that will be used to pay for $7 billion in necessary railroad infrastructure, as quantified by the American Short Line and Regional Railroad Association (ASLRRA). This article discusses the application process for RRIF funding, and other financial details of establishing funding from the Federal Railroad Administration (FRA). It describes the payouts of the RRIF program since the TEA-21 was enacted, and gauges its future support for short lines. The article also explains the effects of the Railroad Tax Maintenance Credit on short lines financing and the subsequent confusion over how to reports the credits to the Internal Revenue Service. The credits effects on individual railroads such as the Florida East Coast Railway (FECR), RailAmerica Inc., the Red River Valley and Western Railroad Co. (RRVW), Pennsylvania and Southern Railway L.L.C, and Iowa Interstate Ltd., are discussed.

  • Availability:
  • Corporate Authors:

    Trade Press Publishing Corporation

    2100 West Florist Avenue
    Milwaukee, WI  United States  53209-
  • Authors:
    • Stagl, J
  • Publication Date: 2005-3

Language

  • English

Media Info

Subject/Index Terms

Filing Info

  • Accession Number: 00989371
  • Record Type: Publication
  • Source Agency: UC Berkeley Transportation Library
  • Files: BTRIS, TRIS
  • Created Date: May 3 2005 12:00AM