Re: Wabash Rebuilt War Emegency Hopper

Brian J Carlson <brian@...>

Thanks Tony, That is what I was thinking of, the removal of the tax

Brian J Carlson P.E.
Cheektowaga NY

It was certainly allowed. What was DISallowed was the previous
tax practice of treating the work as "repair," when in fact a like-new
car was created: thus the work had to be re-capitalized, not written
off as repairs.
This removed much of the tax advantage of rebuilding, and it's
true that many roads cut way back on, or eliminated, rebuilding of the
type that extensively renewed the car.

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