UPDATED: New House bill includes 45G extension
Written by William C. Vantuono, Editor-in-ChiefThe House Ways & Means Committee on June 20 favorably reported-out H.R. 3301,the Taxpayer Certainty and Disaster Tax Relief Act of 2019. The 45G railroad infrastructure maintenance tax credit is covered in Section 112, which extends 45G to Jan. 1, 2021 and retroactively to Jan. 1, 2018. (45G expired on Dec. 31, 2017.)
