### Question
How does CREDITS AGAINST TAX define qualified railroad track maintenance expenditures?


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

> 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

#### 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**

