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A bill to amend the Internal Revenue Code of 1986 to temporarily allow expensing of certain costs of replanting citrus plants lost by reason of casualty.

USA115th CongressS-71| Senate 
| Updated: 1/9/2017
Bill Nelson

Bill Nelson

Democratic Senator

Florida

Cosponsors (2)
John Cornyn (Republican)Marco Rubio (Republican)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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 the date that is ten years after the enactment of this bill.
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Timeline
Jan 3, 2017

Latest Companion Bill Action

HR 115-112
Introduced in House
Jan 9, 2017
Introduced in Senate
Jan 9, 2017
Read twice and referred to the Committee on Finance.
  • January 3, 2017

    Latest Companion Bill Action

    HR 115-112
    Introduced in House


  • January 9, 2017
    Introduced in Senate


  • January 9, 2017
    Read twice and referred to the Committee on Finance.

Taxation

Related Bills

  • HR 115-112: To amend the Internal Revenue Code of 1986 to temporarily allow expensing of certain costs of replanting citrus plants lost by reason of casualty.
  • S 115-1: An original bill to provide for reconciliation pursuant to title II of the concurrent resolution on the budget for fiscal year 2018.
Business investment and capitalForests, forestry, treesFruit and vegetablesHorticulture and plantsIncome tax deductions

A bill to amend the Internal Revenue Code of 1986 to temporarily allow expensing of certain costs of replanting citrus plants lost by reason of casualty.

USA115th CongressS-71| Senate 
| Updated: 1/9/2017
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 the date that is ten years after the enactment of this bill.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jan 3, 2017

Latest Companion Bill Action

HR 115-112
Introduced in House
Jan 9, 2017
Introduced in Senate
Jan 9, 2017
Read twice and referred to the Committee on Finance.
  • January 3, 2017

    Latest Companion Bill Action

    HR 115-112
    Introduced in House


  • January 9, 2017
    Introduced in Senate


  • January 9, 2017
    Read twice and referred to the Committee on Finance.
Bill Nelson

Bill Nelson

Democratic Senator

Florida

Cosponsors (2)
John Cornyn (Republican)Marco Rubio (Republican)

Finance Committee

Taxation

Related Bills

  • HR 115-112: To amend the Internal Revenue Code of 1986 to temporarily allow expensing of certain costs of replanting citrus plants lost by reason of casualty.
  • S 115-1: An original bill to provide for reconciliation pursuant to title II of the concurrent resolution on the budget for fiscal year 2018.
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Business investment and capitalForests, forestry, treesFruit and vegetablesHorticulture and plantsIncome tax deductions