9 Jun 2025
🚂2024 Tax Rates for Class I Railroads
2024 Tax Information for Use in the Revenue Shortfall Allocation Method
Summary
The Surface Transportation Board has published the 2024 weighted average state tax rates for Class I railroads, calculated by the Association of American Railroads. Stakeholders are invited to comment on the calculations, which will influence the Revenue Shortfall Allocation Method and potentially affect railroad financial operations. Comments are due by July 8, 2025.
Agencies
- Surface Transportation Board
Business Impact
$$ - Med
The regulation outlines a requirement for Class I railroads to provide annual tax rate information, which directly affects financial planning, compliance, and regulatory obligations. It also establishes a procedure for commenting on the tax rates that may impact operational budgets for rail companies.