### Question
Can you define what qualified railroad track maintenance expenditures means?


### Answer
**Qualified railroad track maintenance expenditures** is defined as the following in *26 U.S.C. § 45G*:

> 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, 2015, 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**

