Relating to: a tax credit for rail infrastructure modernization. (FE)

SB 213 creates two new tax credits for rail infrastructure in Wisconsin: a 50% credit for modernization (e.g., new track, switches, rehabilitation) and a 50% credit for maintenance (e.g., repairs, labor, safety improvements). It directly affects rail infrastructure owners or operators certified by the Wisconsin Economic Development Corporation under Section 238.309. The modernization credit caps at $2 million annually per claimant, while the maintenance credit limits to $5,000 per mile of track. Credits can be transferred to other taxpayers or carried forward for up to five years if not fully used in the claim year.