Summary: S.71 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for S.71. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (01/09/2017)

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.