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AL HB190
Bill
Status
Engrossed
2/12/2026
Primary Sponsor
Alan Baker
Click for details
AI Summary
- Extends the Railroad Modernization Act income tax credit program from the 2027 tax year through the 2032 tax year
- Maintains the per-mile credit cap at $4,100 multiplied by miles of railroad track owned or leased in Alabama for the new 2028-2032 period (50% of qualified rehabilitation expenditures)
- Sets annual aggregate tax credit cap at $4,500,000 for calendar years 2028-2032, with total credits not to exceed $22,500,000 during August 1, 2027 through August 1, 2032
- Passed the Alabama House on February 12, 2026 with 103 Yeas, 0 Nays, and 2 Abstentions
- Effective date of June 1, 2026 if enacted
Legislative Description
Railroad Modernization Act of 2019, to increase the cap on income tax credits and extend the sunset date for five years through tax year 2032
Taxation & Revenue
Last Action
Pending Senate Finance and Taxation Education
2/12/2026
Committee Referrals
Finance and Taxation Education2/12/2026
Ways and Means Education1/13/2026
Full Bill Text
No bill text available