To amend the Internal Revenue Code of 1986 with respect to the treatment of crops destroyed by casualty.
Referred to the House Committee on Ways and Means.
Congressional Research Service
Official summary
Version 00 · Introduced in House · Jan 21, 1997
Amends the Internal Revenue Code to allow the deduction as capital expenditures of the following costs incurred for replanting edible crops for human consumption which were lost by reason of freezing temperatures, disease, drought, pests, or casualty: (1) replanting costs; (2) 80 percent of the special replanting costs of such replanting; (3) the removal of lost plants; and (4) and preproductive costs.
No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.
Source last updated: Feb 7, 2024. Consult Congress.gov for the current record.
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