NEAR FINAL DRAFT 8/1/24

                                                                                                                                                                                                        *247071*
2024 Schedule RAIL, Short Line Railroad  
Infrastructure Modernization Credit 
For taxpayers classified as a Class II or Class III Railroad

Name of Taxpayer                                                                                                    FEIN or Social Security Numer                                  Minnesota Tax ID

Part 1 — Qualifications
Check the box if the answer is “yes.”

  1Are   classifiedyou    by the U.S. Surface Transportation Board as a Class or ClassII               railroad?III                                                             .. ...... ....... ..... ..... ...... ...    1

  2you Did   leaseor own  railroad infrastructure in Minnesota as Januaryof                   1, 2021?                                                       .... ....... ..... ..... ...... ...... ..... .....             2

  3you Did   leaseor own  railroad infrastructure in Minnesota as theof          close of the tax year?                                                                   .. ...... ..... ...... ..... ....... .....        3

  4  Did you pay qualified railroad reconstruction or replacement expenditures to maintain, reconstruct,  
        or replace railroad infrastructure theduring tax year?                                                       ..... ..... ..... ...... ....... ..... ..... ...... ..... ....... ...... ...                           4

Continue to Part 2 if you checked all questions in Part 1. 

Part 2 — Credit Calculation
  1  Qualified railroad reconstruction and replacement expenses ...... ...... ..... ...... ..... ....... ..... .....                                                                                                 1  

  2  Multiply line 1 by 50% ..... ...... ..... ...... ..... ....... ..... ..... ....... ..... ..... ...... ...... ....                                                                                               2  

  3  Enter the number of miles of railroad track owned or leased in Minnesota as of the close of the taxable year,  
        for which expenses are included on line 1 ... ...... ..... ....... ..... ...... ..... ..... ...... ...... ...... .                                                                                           3  

  4                          Multiply line 3 by $3,000 ... ...... ..... ....... ..... ...... ..... ..... ...... ...... ...... ..... ...... ....                                                                      4  

  5                          Enter the lesser of line 2 or line 4. This is the amount of your credit. ... ...... ..... ...... ...... ..... ...... ..                                                                 5    

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