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.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2017-01-03 | IntroReferral | Referred to the House Committee on Ways and Means. | House floor actions |
| 2017-01-03 | IntroReferral | Introduced in House | Library of Congress |