3.0.0 2346 2023-01-11T13:32:23Z 2023-01-11T13:32:23Z Senate S 2015-12-02 114 ssfi00 Finance Committee Senate Standing Referred to 2015-12-02T22:07:52Z Emergency Citrus Disease Response Act of 2016 114 3957 HR 2016-09-22 Received in the Senate. Identical bill CRS 2015-12-02 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2015-12-02 Introduced in Senate IntroReferral 10000 9 Library of Congress N000032 Sen. Nelson, Bill [D-FL] CLARENCE NELSON D FL WILLIAM N R000595 Sen. Rubio, Marco [R-FL] Marco Rubio R FL 2016-05-26 False C001056 Sen. Cornyn, John [R-TX] John Cornyn R TX 2016-11-15 False Taxation Business investment and capital Forests, forestry, trees Fruit and vegetables Horticulture and plants Income tax deductions Taxation 00 2015-12-02 Introduced in Senate 2015-12-21T20:29:10Z Emergency Citrus Disease Response Act

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 2025.

]]> Emergency Citrus Disease Response Act Display Title Emergency Citrus Disease Response Act Official Title as Introduced 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 Senate IS Short Titles as Introduced Emergency Citrus Disease Response Act Introduced in Senate 2015-12-02T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114s2346is/xml/BILLS-114s2346is.xml 2015-12-02 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.