Bill114th CongressFiled Dec 2, 2015Taxation
S. 2346
Emergency Citrus Disease Response Act
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in senate (Dec 2, 2015)
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 2025.
What just happenedDec 2, 2015
Read twice and referred to the Committee on Finance.
Who’s behind it
Sen. Nelson, Bill [D-FL](D-FL)Sponsor
2 cosponsors2 R
2cosponsors1committees2actions1related bills5subjects
- Introduced in SenateDec 2, 2015
- Dec 2, 2015IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Dec 2, 2015IntroReferral10000
Introduced in Senate