Disaster Reforestation Act
Official title: To amend the Internal Revenue Code of 1986 to provide a special rule for certain casualty losses of uncut timber.
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Referred to the House Committee on Ways and Means.
Disaster Reforestation Act
This bill sets forth a special rule for the tax deduction for casualty losses of uncut timber (including pre-merchantable timber). It provides that in losses of any uncut timber from fire, storm, insects, invasive species, drought, or other casualty, or from theft, the basis for determining the amount of the deduction for such loss shall not be less than the excess of the value of such timber determined immediately before such loss was sustained, over the salvage value of such timber.
To be eligible for the casualty loss deduction, the uncut timber subject to the loss must be reforested not later than the close of the five-year period beginning on the date of the loss.
- Introduced in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 655: Disaster Reforestation Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-655/
"H.R. 655: Disaster Reforestation Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-655/.
H.R. 655, 118th Cong. (2026), https://openamerica.io/bill/118-HR-655/.
[H.R. 655: Disaster Reforestation Act](https://openamerica.io/bill/118-HR-655/)