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{"848DB20B-5056-A066-60C2-125C7FE6482E":{"TotalRows":1,"uid":"848DB20B-5056-A066-60C2-125C7FE6482E","title":"Senator Schumer pushes for Railroad Track Maintenance Tax Credit ","summary":"Wayne, NY","eventType":"chuck-around-ny","eventTypeLabel":"Chuck Around NY","date":"October 1, 2019","url":"about/chuck-around-new-york/senator-schumer-pushes-for-railroad-track-maintenance-tax-credit-","city":"Williamson ","county":"Wayne","lat":43.23663500000001,"lng":-77.19200999999998,"description":"<p><span>On October 1st, 2019 U.S. Senator Charles E. Schumer stood at the K.M. Davies Railyard in Williamson, NY flanked by advocates and top Wayne County employers, to reveal that the Ontario Midland Railroad’s plans to begin a multimillion-dollar infrastructure investment next year are now at risk because of the recent expiration of a vital federal tax credit for short line railroads. The Railroad Track Maintenance Tax Credit (45G Tax Credit) is an extremely important tax provision for short line railroads, like Ontario Midland Railroad, used for keeping their tracks safe and in proper condition. Schumer explained that the tax credit expired in 2017, stripping short line railroads of hundreds of thousands of sorely-needed dollars and impeding critical infrastructure repair projects that can boost economic output by increasing shipping efficiency. Therefore, Schumer today urged his colleagues in the Senate to pass the Building Rail Access for Customers and the Economy Act (BRACE Act) of 2019, which he cosponsors, as part of any upcoming tax extenders package. This bipartisan legislation would make the 45G Tax Credit permanent and ensure that railroads like Ontario Midland Railroad have the necessary resources to maintain infrastructure and safety on short line railroads.</span></p>"}}

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