To amend the Internal Revenue Code of 1986 to temporarily allow expensing of certain costs of replanting citrus plants lost by reason of casualty.
(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.
Read twice and referred to the Committee on Finance.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
Referred to the Subcommittee on Health.
Subcommittee on Health Discharged.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported (Amended) by Voice Vote.
Reported (Amended) by the Committee on Ways and Means. H. Rept. 114-749.
Reported (Amended) by the Committee on Ways and Means. H. Rept. 114-749.
Placed on the Union Calendar, Calendar No. 582.
Mr. Buchanan moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H5679)
DEBATE - The House proceeded with forty minutes of debate on H.R. 3957.
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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.
Considered as unfinished business. (consideration: CR H5738-5739)
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)
Roll Call #528 (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)
Roll Call #528 (House)Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate.