US SB71 | 2017-2018 | 115th Congress
Status
Spectrum: Slight Partisan Bill (Republican 2-1)
Status: Introduced on January 9 2017 - 25% progression, died in committee
Action: 2017-01-09 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 9 2017 - 25% progression, died in committee
Action: 2017-01-09 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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.
Title
Emergency Citrus Disease Response Act
Sponsors
| Sen. Bill Nelson [D-FL] | Sen. Marco Rubio [R-FL] | Sen. John Cornyn [R-TX] |
History
| Date | Chamber | Action |
|---|---|---|
| 2017-01-09 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB112 (Related) 2017-01-03 - Referred to the House Committee on Ways and Means.
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/senate-bill/71/all-info |
| Text | https://www.congress.gov/115/bills/s71/BILLS-115s71is.pdf |
