Text of Senate Amendment 4542

Text of Senate Amendment 4542

Congressional Record, Volume 172 Issue 49 (Wednesday, March 18, 2026) [Congressional Record Volume 172, Number 49 (Wednesday, March 18, 2026)] [Senate] [Pages S1267-S1268] From the Congressional Record Online through the Government Publishing Office [ www.gpo.gov ] SA 4542. Mr. WYDEN submitted an amendment intended to be proposed by him to the bill S. 1383, to establish the Veterans Advisory Committee on Equal Access, and for other purposes; which was ordered to lie on the table; as follows: At the appropriate place, insert the following: SEC. ___. MODIFICATION OF RAILROAD TRACK MAINTENANCE CREDIT. (a) Increase in Credit Amount.-- (1) In general.--Section 45G(b)(1)(A) of the Internal Revenue Code of 1986 is amended by striking ``$3,500'' and inserting ``$6,100''. (2) Inflation adjustment.--Section 45G of such Code is amended by adding at the end the following new subsection: ``(f) Inflation Adjustment.-- ``(1) In general.--In the case of a taxable year beginning after 2027, the $6,100 amount in subsection (b)(1)(A) shall be increased by an amount equal to-- ``(A) such dollar amount, multiplied by ``(B) the cost-of-living adjustment determined under section 1(f)(3) for the calendar year in which the taxable year begins, determined by substituting `calendar year 2026' for `calendar year 2016' in subparagraph (A)(ii) thereof. ``(2) Rounding.--Any increase determined under paragraph (1) which is not a multiple of $100 shall be rounded to the nearest multiple of $100.''. (b) Qualified Railroad Track Maintenance Expenditures.-- Section 45G(d) of the Internal Revenue Code of 1986 is amended by striking ``January 1, 2015'' and inserting ``January 1, 2026''. (c) Effective Date.--The amendments made by this section shall apply to expenditures paid or incurred in taxable years beginning after December 31, 2026. [[Page S1268]] ______