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 the date that is ten years after the enactment of this bill.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2017-01-09 | IntroReferral | Read twice and referred to the Committee on Finance. | Senate |
| 2017-01-09 | IntroReferral | Introduced in Senate | Library of Congress |