US HB112 | 2017-2018 | 115th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on January 3 2017 - 25% progression, died in committee
Action: 2017-01-03 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 3 2017 - 25% progression, died in committee
Action: 2017-01-03 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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.
Title
Emergency Citrus Disease Response Act of 2017
Sponsors
Rep. Vern Buchanan [R-FL] | Rep. Thomas Rooney [R-FL] | Rep. Lois Frankel [D-FL] | Rep. Bill Posey [R-FL] |
Rep. Filemon Vela [D-TX] | Rep. Ted Yoho [R-FL] | Rep. Vicente Gonzalez [D-TX] | Rep. Gus Bilirakis [R-FL] |
Rep. Ileana Ros-Lehtinen [R-FL] | Rep. Mario Diaz-Balart [R-FL] | Rep. Dennis Ross [R-FL] | Rep. Carlos Curbelo [R-FL] |
Rep. Francis Rooney [R-FL] | Rep. Darren Soto [D-FL] | Rep. Daniel Webster [R-FL] | Rep. Brian Mast [R-FL] |
Rep. Ron DeSantis [R-FL] | Rep. Debbie Wasserman Schultz [D-FL] | Rep. Trent Franks [R-AZ] | Rep. Theodore Deutch [D-FL] |
Rep. David Schweikert [R-AZ] | Rep. Alcee Hastings [D-FL] | Rep. Paul Gosar [R-AZ] | Rep. Kathy Castor [D-FL] |
Rep. Julia Brownley [D-CA] | Rep. Charlie Crist [D-FL] | Rep. Neal Dunn [R-FL] | Rep. Val Demings [D-FL] |
Rep. Frederica Wilson [D-FL] | Rep. John Rutherford [R-FL] | Rep. Stephanie Murphy [D-FL] | Rep. Al Lawson [D-FL] |
Rep. Matt Gaetz [R-FL] |
History
Date | Chamber | Action |
---|---|---|
2017-01-03 | House | Referred to the House Committee on Ways and Means. |
2017-01-03 | House | Introduced in House |
Same As/Similar To
SB71 (Related) 2017-01-09 - Read twice and referred to the Committee on Finance.
SB1 (Related) 2017-11-28 - Placed on Senate Legislative Calendar under General Orders. Calendar No. 269.
SB1 (Related) 2017-11-28 - Placed on Senate Legislative Calendar under General Orders. Calendar No. 269.
Subjects
Business investment and capital
Forests, forestry, trees
Fruit and vegetables
Horticulture and plants
Income tax deductions
Taxation
Forests, forestry, trees
Fruit and vegetables
Horticulture and plants
Income tax deductions
Taxation
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/115th-congress/house-bill/112/all-info |
Text | https://www.congress.gov/115/bills/hr112/BILLS-115hr112ih.pdf |