S. 2346 · 114th Congress
Emergency Citrus Disease Response Act
- Stage
- In committee
- Sponsor
- Bill Nelson
- Introduced
- 2015-12-02
- Latest action
- 2015-12-02 · Introduced in 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.