H.R. 112
Referred to CommitteeEmergency Citrus Disease Response Act of 2017
Introduced 1/3/2017•115th Congress•House
Latest Action
Referred to the House Committee on Ways and Means.
1/3/2017 • House
Summary
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.
Introduced in House • 1/3/2017
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Topics & Subjects
Policy Area: Taxation
Business investment and capitalForests, forestry, treesFruit and vegetablesHorticulture and plantsIncome tax deductions
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Related Federal Spending
Sponsor & Cosponsors (33)
Party Breakdown
14
Democrats
19
Republicans
0
Independents
Sponsor
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Cosponsors (32)
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Bill Journey
Originated in the House
Introduced
January 3, 2017
Referred to the House Committee on Ways and Means.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law
Text Versions (1)
Introduced in House1/3/2017