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HB1070

HB1070: Increase and Extend Tax Credit for Class III Railroad Track Maintenance

Last scannedAug 25, 2026, 4:37 AM

In one sentence

This bill proposes to increase the amount of an income tax credit and extend its time period for costs related to maintaining railroad tracks owned or leased by Class III railroads.

What it does

  • Increases a specific state income tax credit.

Who it affects

Not clearly identified in the stored source.

Limits and unknowns

  • The governor vetoed this bill on May 12, 2026.
  • It is not yet known if lawmakers will override the veto to make it law.

Official record

Sources

Source attached

Official summary

Income tax; increase and extend a credit for expenditures on maintenance of railroad track owned or leased by Class III railroads

Official activity

Bill history

  1. House Date Vetoed by Governor