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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 CongressHR-112| House 
| Updated: 1/3/2017
Vern Buchanan

Vern Buchanan

Republican Representative

Florida

Cosponsors (32)
David Schweikert (Republican)Al Lawson (Democratic)Paul A. Gosar (Republican)Val Butler Demings (Democratic)Stephanie N. Murphy (Democratic)Darren Soto (Democratic)Neal P. Dunn (Republican)Frederica S. Wilson (Democratic)Carlos Curbelo (Republican)Vicente Gonzalez (Democratic)Gus M. Bilirakis (Republican)Ron DeSantis (Republican)Mario Diaz-Balart (Republican)Filemon Vela (Democratic)Theodore E. Deutch (Democratic)Brian J. Mast (Republican)John H. Rutherford (Republican)Kathy Castor (Democratic)Daniel Webster (Republican)Thomas J. Rooney (Republican)Lois Frankel (Democratic)Ted S. Yoho (Republican)Julia Brownley (Democratic)Dennis A. Ross (Republican)Matt Gaetz (Republican)Charlie Crist (Democratic)Ileana Ros-Lehtinen (Republican)Bill Posey (Republican)Trent Franks (Republican)Alcee L. Hastings (Democratic)Debbie Wasserman Schultz (Democratic)Francis Rooney (Republican)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline
Jan 3, 2017
Introduced in House
Jan 3, 2017
Referred to the House Committee on Ways and Means.
Jan 9, 2017

Latest Companion Bill Action

S 115-71
Introduced in Senate
  • January 3, 2017
    Introduced in House


  • January 3, 2017
    Referred to the House Committee on Ways and Means.


  • January 9, 2017

    Latest Companion Bill Action

    S 115-71
    Introduced in Senate

Taxation

Related Bills

  • 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.
  • S 115-71: 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.
Business investment and capitalForests, forestry, treesFruit and vegetablesHorticulture and plantsIncome tax deductions

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 CongressHR-112| House 
| Updated: 1/3/2017
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.
View Full Text

Suggested Questions

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

Timeline
Jan 3, 2017
Introduced in House
Jan 3, 2017
Referred to the House Committee on Ways and Means.
Jan 9, 2017

Latest Companion Bill Action

S 115-71
Introduced in Senate
  • January 3, 2017
    Introduced in House


  • January 3, 2017
    Referred to the House Committee on Ways and Means.


  • January 9, 2017

    Latest Companion Bill Action

    S 115-71
    Introduced in Senate
Vern Buchanan

Vern Buchanan

Republican Representative

Florida

Cosponsors (32)
David Schweikert (Republican)Al Lawson (Democratic)Paul A. Gosar (Republican)Val Butler Demings (Democratic)Stephanie N. Murphy (Democratic)Darren Soto (Democratic)Neal P. Dunn (Republican)Frederica S. Wilson (Democratic)Carlos Curbelo (Republican)Vicente Gonzalez (Democratic)Gus M. Bilirakis (Republican)Ron DeSantis (Republican)Mario Diaz-Balart (Republican)Filemon Vela (Democratic)Theodore E. Deutch (Democratic)Brian J. Mast (Republican)John H. Rutherford (Republican)Kathy Castor (Democratic)Daniel Webster (Republican)Thomas J. Rooney (Republican)Lois Frankel (Democratic)Ted S. Yoho (Republican)Julia Brownley (Democratic)Dennis A. Ross (Republican)Matt Gaetz (Republican)Charlie Crist (Democratic)Ileana Ros-Lehtinen (Republican)Bill Posey (Republican)Trent Franks (Republican)Alcee L. Hastings (Democratic)Debbie Wasserman Schultz (Democratic)Francis Rooney (Republican)

Ways and Means Committee

Taxation

Related Bills

  • 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.
  • S 115-71: 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.
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Business investment and capitalForests, forestry, treesFruit and vegetablesHorticulture and plantsIncome tax deductions