Washington, D.C. – Congresswoman Elise Stefanik (R-NY-21) has cosponsored H.R. 721, the Short Line Railroad Rehabilitation and Investment Act of 2015— bipartisan legislation to reauthorize a vital tax credit for small railroad companies to incentivize investment and maintenance of their rail lines.
“This legislation would spur important investment in our district, specifically at the Massena Terminal Railroad Company that services businesses like Alcoa,” said Congresswoman Stefanik. “Promoting economic growth and job creation in the North Country is my top priority in Congress and I am proud to support this bipartisan legislation.”
The Short Line Railroad Tax Credit expired on Dec. 31, 2014. This legislation would reauthorize it retroactively for all of this year and for all of 2016.