Disaster Reforestation Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 262 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 262 To amend the Internal Revenue Code of 1986 to provide a special rule for certain casualty losses of uncut timber. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES January 9, 2025 Mr. Carter of Georgia (for himself and Ms. Sewell) introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to provide a special rule for certain casualty losses of uncut timber. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Disaster Reforestation Act''. SEC. 2. CASUALTY LOSSES OF UNCUT TIMBER. (a) In General.--Section 165(b) of the Internal Revenue Code of 1986 is amended-- (1) by striking ``For purposes of subsection (a)'' and inserting the following: ``(1) In general.--For purposes of subsection (a)'', and (2) by adding…