S 2346
114th Congress
Senate
Taxation
Business investment and capital
Forests, forestry, trees
Fruit and vegetables
Horticulture and plants
Income tax deductions
Emergency Citrus Disease Response Act
Introduced: December 2, 2015
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 2, 2015
Read twice and referred to the Committee on Finance.
Dec 2, 2015
Introduced in Senate
Plain-English summary
Emergency Citrus Disease Response Act
This bill amends the Internal Revenue Code to allow a full deduction in the current taxable year of the cost of replanting lost or damaged citrus plants. The taxpayer must own an equity interest of at least 50% in such replanted plants and may deduct costs paid or incurred through 2025.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1
Cosponsors
1