HR 112 · 115th Congress · Taxation
Emergency Citrus Disease Response Act of 2017
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(2017-01-03)
Plain Language Summary
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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.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (20)
6 Democrats14 Republicans