Emergency Citrus Disease Response Act

(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.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov