Extended Tax Credits Aimed at Kansas Railroads

By: 13 News
By: 13 News

Federal lawmakers have extended a tax credit to encourage rural railroads to invest in track improvements.

While big railroads like Burlington Northern and Sante Fe and
Union Pacific serve most of Eastern Kansas, the rest of the state
relies on short-line railroads.

Congressman Jerry Moran sponsored the tax credit bill. The
Kansas Republican said short-line railroads are vital to the state,
especially to farmers and grain elevators in small towns who depend
on short lines to move grain to market.

Moran said he pushed for the tax credits three years ago because
short-line railroads were falling behind on investing in their
infrastructure. He said that was leading to problems, including
derailments.

The tax credits expire Dec. 31, 2009.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
631 SW Commerce Pl. Topeka, Kansas 66615 phone: 785-272-6397 fax: 785-272-1363 email: feedback@wibw.com
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 35268359 - wibw.com/a?a=35268359
Gray Television, Inc.