,i  #aaith ,,congress  #ast ,session    
,h4 ,r4 #eaf  ,,in ,,the ,,house ,,of   
,,representatives  ,january #af1        
#bjbe,mr4 ,kelly of ,pennsylvania 7for  
himself and ,mr4 ,thompson of           
,california7 introduced the following   
bill2 which was referred to the         
,committee on ,ways and ,means  ,a      
,,bill  ,to amend the ,internal ,revenue
 ,code of #aihf to modify the railroad  
track maintenance credit4  #a4          
,modification of railroad track         
maintenance credit  7a7 ,increase in    
credit amount  7#a7 ,in general ,section
 #de;,g7b77#a77;,a7 of the ,internal    
,revenue ,code of #aihf is amended by   
striking #c1ejj and inserting #f1ajj4   
7#b7 ,inflation adjustment ,section     
#de;,g of such ,code is amended by      
adding at the end the following new     
subsection3  7f7 ,inflation adjustment  
7#a7 ,in general ,in the case of a      
taxable year beginning after #bjbe1 the 
#f1ajj amount in subsection 7b77#a77;,a7
 shall be increased by an amount equal  

to-- 7,a7 such dollar amount1 multiplied
 by  7,b7 the cost-of-living adjustment 
determined under section #a7;f77#c7 for 
the calendar year in which the taxable  
year begins1 determined by substituting 
calendar year #bjbd for calendar year   
#bjaf in subparagraph 7,a77ii7 thereof4 
7#b7 ,rounding ,any increase determined 
under paragraph 7#a7 which is not a     
multiple of #ajj shall be rounded to the
 nearest multiple of #ajj4  4  7b7      
,qualified railroad track maintenance   
expenditures ,section #de;,g7d7 of the  
,internal ,revenue ,code of #aihf is    
amended by striking ,january #a1 #bjae  
and inserting ,january #a1 #bjbd4  7c7  
,effective date ,the amendments made by 
this section shall apply to expenditures
 paid or incurred in taxable years      
beginning after ,december #ca1 #bjbd4