On Wednesday, March 14, 2018, Judy Petry, Chair of The American Short Line and Regional Railroad Association and President/General Manager of Farmrail Inc. testified before the United States House Ways and Means Committee’s Subcommittee on Tax Policy.
At this hearing titled, Post Tax Reform Evaluation of Recently Expired Tax Provisions, Ms. Petry testified to the effectiveness of the Section 45G Short Line Railroad Tax Credit. “Since enactment, the credit has allowed us to spend an additional $2.1 billion of our earned revenues towards the goal of getting our network into a state of good repair,” Petry said, “It is a critical part of how we can reinvest so much back into our small business and still have enough to keep the lights on and meet payrolls.”
A link to Ms. Petry’s testimony can be found below:
