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The tax credit originated with the American Jobs Creation Act of 2004. The credit was capped at $3,500 per mile of track, with eligibility for Class II and Class III railroads, any shippers who transport property using a Class II or Class III railroad, and companies that perform maintenance on or provide material to qualified railroads. [3]
Class I railroads had an annual operating revenue of at least $1 million, while Class III railroad incomes were under $100,000. Railroads in both classes were subject to reporting requirements on a quarterly or annual schedule. In 1925, the ICC reported 174 Class I railroads, 282 Class II railroads, and 348 Class III railroads. [1]
In 1992, short-line operator Rail-Tex announced the creation of DGNO, a 62-mile (100 km) railroad connecting Garland, Greenville, and Trenton. The railroad would be based in Garland and would operate out of a depot built by the Missouri–Kansas–Texas Railroad (MKT). The proposed right-of-way was owned by Union Pacific; UP sold the Greenville ...
[[Category:Texas rail transport templates]] to the <includeonly> section at the bottom of that page. Otherwise, add <noinclude>[[Category:Texas rail transport templates]]</noinclude> to the end of the template code, making sure it starts on the same line as the code's last character.
Montana Rail Link [43] (MRL), until its reintegration into BNSF on January 1, 2024 [44] Montreal, Maine and Atlantic Railway (MMA) MidSouth Rail Corporation (MSRC) Minneapolis, Northfield and Southern Railway (reporting mark MNS) Oklahoma, Kansas and Texas Railroad (reporting mark OKKT) Pan Am Railways [45] (PAR), acquired by CSX Transportation ...
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The main offices of the Railroad Commission of Texas are located in the William B. Travis State Office Building. The agency is headquartered in the William B. Travis State Office Building at 1701 North Congress Avenue in Austin. [29] In addition, the Texas Railroad Commission has twelve oil and gas district offices located throughout the state.