### Question
How does the law define qualified railroad track maintenance expenditures?


### Answer
Under *26 U.S.C. § 45G*, **qualified railroad track maintenance expenditures** is defined as:

> gross expenditures (whether or not otherwise chargeable to capital account) for maintaining railroad track (including roadbed, bridges, and related track structures) owned or leased as of January 1, 2005, by a Class II or Class III railroad (determined without regard to any consideration for such expenditures given by the Class II or Class III railroad which made the assignment of such track)

#### Citation:
  - *26 U.S.C. § 45G*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter A-Determination of Tax Liability > PART IV-CREDITS AGAINST TAX > Subpart D-Business Related Credits**

