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In the News
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Business Profile
New Mexico enacts locomotive fuel tax bill
Apr 5, 2013
By Peter De Keles |
Author
Bio
At first I thought it was bad news for Railroads but it is actually a positive law.
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| Title: | New Mexico enacts locomotive fuel tax bill |
| Publication: | Progressive Railroading |
| Date: | 04/04/13 |
| LSOL.com Rating |  |
| Category | Business Profile |
| Overview | Sometimes headlines don't tell the whole story. The legislation enables railroads operating in the state to receive gross receipts tax-free fuel if they commit at least $50 million in capital to eligible infrastructure improvements in the state, including locomotive refueling facilities, track, signals and supporting networks that were located in New Mexico after July 1, 2012. |
| URL Link | Link to Full Story - Might still not be available online. |
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