Emergency Citrus Disease Response Act of 2016

Bill: 114-hr-3957
Sponsor: Rep. Buchanan, Vern [R-FL-16]
Introduced: 2015-11-05 in the House
Policy area: Taxation
Subjects: Business investment and capital
Forests, forestry, trees
Fruit and vegetables
Horticulture and plants
Income tax deductions

Summary:
action_date: 2015-11-05
text: 

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. 

action_date: 2016-09-16
text: 

Emergency Citrus Disease Response Act 

of 2016

 
(Sec. 2) 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. 

action_date: 2016-09-21
text: 
(This measure has not been amended since it was reported to the House on September 16, 2016. The summary of that version is repeated here.)
 

Emergency Citrus Disease Response Act 

of 2016

 
(Sec. 2) 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. 


Legislative actions:
action_date: 2016-09-22
text: Received in the Senate.
action_date: 2016-09-21
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2016-09-21
text: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 400 - 20 (Roll no. 528). (text: CR 09/20/2016 H5679)
action_date: 2016-09-21
text: Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 400 - 20 (Roll no. 528).(text: CR 09/20/2016 H5679)
action_date: 2016-09-21
text: Considered as unfinished business. (consideration: CR H5738-5739)
action_date: 2016-09-20
text: At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
action_date: 2016-09-20
text: DEBATE - The House proceeded with forty minutes of debate on H.R. 3957.
action_date: 2016-09-20
text: Considered under suspension of the rules. (consideration: CR H5679)
action_date: 2016-09-20
text: Mr. Buchanan moved to suspend the rules and pass the bill, as amended.
action_date: 2016-09-16
text: Placed on the Union Calendar, Calendar No. 582.
action_date: 2016-09-16
text: Reported (Amended) by the Committee on Ways and Means. H. Rept. 114-749.
action_date: 2016-09-16
text: Reported (Amended) by the Committee on Ways and Means. H. Rept. 114-749.
action_date: 2016-09-14
text: Ordered to be Reported (Amended) by Voice Vote.
action_date: 2016-09-14
text: Committee Consideration and Mark-up Session Held.
action_date: 2016-09-14
text: Subcommittee on Health Discharged.
action_date: 2015-11-05
text: Referred to the Subcommittee on Health.
action_date: 2015-11-05
text: Referred to the House Committee on Ways and Means.
action_date: 2015-11-05
text: Introduced in House
action_date: 2015-11-05
text: Introduced in House