S. 2346
Referred to CommitteeEmergency Citrus Disease Response Act
Introduced 12/2/2015•114th Congress•Senate
Latest Action
Read twice and referred to the Committee on Finance.
12/2/2015 • Senate
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.
Introduced in Senate • 12/2/2015
Enter your district to see how this bill affects your community
Topics & Subjects
Policy Area: Taxation
Business investment and capitalForests, forestry, treesFruit and vegetablesHorticulture and plantsIncome tax deductions
Congressional Votes (0)
No recorded votes yet
Roll call votes will appear here as the bill moves through Congress
Related Federal Spending
Sponsor & Cosponsors (3)
Party Breakdown
1
Democrats
2
Republicans
0
Independents
Sponsor
S[
Cosponsors (2)
S[
S[
Bill Journey
Originated in the Senate
Introduced
December 2, 2015
Read twice and referred to the Committee on Finance.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law
Text Versions (1)
Introduced in Senate12/2/2015