U.S. Senators Ron Wyden of Oregon and Mike Crapo from Idaho introduced the Short Line Railroad Rehabilitation and Investment Act of 2015 on Tuesday.
The senators' proposed act would extend the maintenance tax credit for short line railroads nationally which expired in 2014. When the previous bill was enacted, short line railroads across the country received a 50 percent tax credit, or, up to $3,500 per mile of track owned.
Now that these funds are expired, railroad owners will have less money to pay for maintenance. Martin Callery from the Port of Coos Bay explains: