2004--The legislative endgame for the freight railroads and shortlines.(NRC Chairman's...

As I write this, U.S. House and Senate conferees have been appointed to create a new six-year highway and transit spending bill, nicknamed TEALU in the House and SAFETEA in the Senate. The Senate Finance Committee and the House Ways and Means Committee are about to go into conference on a separate foreign investment tax bill that could carry a "rider" that will stimulate rail spending. NRC members will be the direct beneficiaries of all these programs. Following are the opportunities for us that NRC President Ray Chambers and I see:

Tax Provisions--Shortline Investment