H.R. 112 · 115th Congress
Emergency Citrus Disease Response Act of 2017
- Stage
- In committee
- Sponsor
- Vern Buchanan
- Introduced
- 2017-01-03
- Latest action
- 2017-01-03 · Introduced in 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.