HR 112 115th Congress House Taxation Business investment and capital Forests, forestry, trees Fruit and vegetables Horticulture and plants Income tax deductions

Emergency Citrus Disease Response Act of 2017

Introduced: January 3, 2017 Introduced by: Buchanan, Vern Republican · Florida See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jan 3, 2017

Referred to the House Committee on Ways and Means.

Jan 3, 2017

Introduced in House

Plain-English summary Congressional Research Service

Emergency Citrus Disease Response Act of 2017

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 2026.

What's happening now January 3, 2017

Referred to the House Committee on Ways and Means.

Committees of jurisdiction 1