Disaster Reforestation Act

Summary

Disaster Reforestation Act This bill sets forth a special rule for the tax deduction for casualty losses of uncut timber (including pre-merchantable timber). It provides that in losses of any uncut timber from fire, storm, wood-destroying insects or invasive species, severe drought, or from theft, the basis for determining the amount of the deduction for such loss shall not be less than the excess of the appraised value of such timber determined immediately before such loss was sustained, over the salvage value of such timber. To be eligible for the casualty loss deduction, the uncut timber subject to the loss must be reforested not later than the close of the five-year period beginning on the date of the loss.

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Timeline

1. 1 February 2023

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 1 February 2023

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 1 February 2023 · Download file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 1 February 2023

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 1 February 2023

  ViewDownloadOpen at official source

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• Introduced in Senate

  summary · EN · 1 February 2023

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Sen. Cassidy, Bill [R-LA] · R · Sponsor
• Sen. Warnock, Raphael G. [D-GA] · D · Sponsor
• Sen. Ossoff, Jon [D-GA] · D · Cosponsor
• Sen. Tuberville, Tommy [R-AL] · R · Cosponsor
• Sen. Britt, Katie Boyd [R-AL] · R · Cosponsor
• Sen. Kennedy, John [R-LA] · R · Cosponsor
• Sen. Hyde-Smith, Cindy [R-MS] · R · Cosponsor
• Sen. Collins, Susan M. [R-ME] · R · Cosponsor
• Sen. King, Angus S., Jr. [I-ME] · I · Cosponsor
• Sen. Cotton, Tom [R-AR] · R · Cosponsor
• Sen. Boozman, John [R-AR] · R · Cosponsor
• · ssfi00 · Standing

Related records

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