that would be ineligible for an award of a contract or subcontract under 49 U.S.C. 5323(u) . (d) Termination This section shall not apply to any qualifying railcar facility equipment and technology modernization amount after December 31, 2023, or to any qualifying replacement or modernization amount, or any qualifying scrap amount after December 31, 2024. . (b) Credit allowed as business credit Section 38(b) of the Internal Revenue Code of 1986 (relating to current year business credit) is amended by striking plus at the end of paragraph (32), by striking the period at the end of paragraph (33) and inserting , plus and by inserting at the end thereof the following new paragraph: (34) the qualified freight railcar credit determined under section 45U. . (c) Coordination with section 55 Section 38(c)(4)(B) of the Internal Revenue Code of 1986 is amended by redesignating clauses (x), (xi), and (xii) as clauses (xi), (xii), and (xiii) respectively, and by inserting after clause (ix) the following new clause: (x) the qualified freight railcar credit determined under section 45U, . (d) Clerical amendment The table of sections for subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after the item relating to section 45T the following new item: Sec. 45U. Qualified freight railcar credit. . (e) Effective date The amendments made by this section shall apply to property placed in service, and amounts paid or incurred, after April 30, 2020. 3. Report on the qualified freight railcar credit (a) In general Not later than 3 years after the date of the enactment of this Act, the Secretary of the Treasury (or the Secretary’s delegate), shall submit to the Committee on Ways and Means of the House of Representatives and the Committee on Finance of the Senate a report on activity with respect to the qualified freight railcar credit under section 36D of the Internal Revenue Code of 1986. (b) Report contents The report submitted under subsection (a) shall contain information