HOUSE 112115th CongressReferred to the House Committee on House Administration.
Providing amounts for the expenses of the Committee on Homeland Security in the One Hundred Fifteenth Congress.
- Last Action
- 2/9/2017
Actions
- 2017-01-03Referred to the House Committee on Ways and Means.
- 2017-01-03Introduced in House
- 2017-01-03Introduced in House
CRS Summary
As of 2017-01-03 (00)
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.
Cosponsors (20)
- Thomas Rooney (R-FL)
- Lois Frankel (D-FL)
- Bill Posey (R-FL)
- Filemon Vela (D-TX)
- Ted Yoho (R-FL)
- Vicente Gonzalez (D-TX)
- Gus Bilirakis (R-FL)
- ILEANA ROS-LEHTINEN (R-FL)
- Mario Diaz-Balart (R-FL)
- Dennis Ross (R-FL)
- Carlos Curbelo (R-FL)
- Francis Rooney (R-FL)
- Darren Soto (D-FL)
- Daniel Webster (R-FL)
- Brian Mast (R-FL)
- Ron DeSantis (R-FL)
- Debbie Wasserman Schultz (D-FL)
- Trent Franks (R-AZ)
- Theodore Deutch (D-FL)
- David Schweikert (R-AZ)
Subjects
- Business investment and capital
- Forests, forestry, trees
- Fruit and vegetables
- Horticulture and plants
- Income tax deductions
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.