Citrus Disaster Payment Fairness Act

[AI summary unavailable — showing source text] Citrus Disaster Payment Fairness Act - Amends the Internal Revenue Code to allow taxpayers to take citrus canker tree replacement payments into account as income or gain ratably over the ten-year period beginning with the taxable year in which the taxpayer receives or accrues the payment. Provides, for purposes of nonrecognition of gain regarding commercial citrus trees involuntarily converted under a public order because of citrus tree canker, that the trees shall be replaced within four years after the close of the first taxable year in which any part of the gain upon conversion is realized, or an additional period if a State or Federal plant health authority determines that the land on which such trees grew is not disease-free.…