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3 NEAR FINAL DRAFT 8/1/24 3
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6 *247071* 6
7 2024 Schedule RAIL, Short Line Railroad 7
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9 Infrastructure Modernization Credit 9
10 For taxpayers classified as a Class II or Class III Railroad 10
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14 Name of Taxpayer FEIN or Social Security Numer 123456789Minnesota Tax ID 14
13 NAME HEREXXXXXXXXXXXXXXXXXXXX 0123456789 13
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17 Part 1 — Qualifications 17
18 Check the box if the answer is “yes.” 18
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20 1 Are you classified by the U.S. Surface Transportation Board as a Class II or Class III railroad? .. ...... ....... ..... ..... ...... ... 1 X 20
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22 2 Did you own or lease railroad infrastructure in Minnesota as of January 1, 2021? .... ....... ..... ..... ...... ...... ..... ..... 2 X 22
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24 3 Did you own or lease railroad infrastructure in Minnesota as of the close of the tax year? .. ...... ..... ...... ..... ....... ..... 3 X 24
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26 4 Did you pay qualified railroad reconstruction or replacement expenditures to maintain, reconstruct, 26
27 or replace railroad infrastructure during the tax year? ..... ..... ..... ...... ....... ..... ..... ...... ..... ....... ...... ... 4 X 27
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29 Continue to Part 2 if you checked all questions in Part 1. 29
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31 Part 2 — Credit Calculation 31
32 1 Qualified railroad reconstruction and replacement expenses ...... ...... ..... ...... ..... ....... ..... ..... 1 123456789 32
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34 2 Multiply line 1 by 50% ..... ...... ..... ...... ..... ....... ..... ..... ....... ..... ..... ...... ...... .... 2 123456789 34
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36 3 Enter the number of miles of railroad track owned or leased in Minnesota as of the close of the taxable year, 36
37 for which expenses are included on line 1 ... ...... ..... ....... ..... ...... ..... ..... ...... ...... ...... . 3 123456789 37
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39 4 Multiply line 3 by $3,000 ... ...... ..... ....... ..... ...... ..... ..... ...... ...... ...... ..... ...... .... 4 123456789 39
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41 5 Enter the lesser of line 2 or line 4. This is the amount of your credit. ... ...... ..... ...... ...... ..... ...... .. 5 123456789 41
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9995
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