H.R.1444: Forest Recovery Act

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Forest Recovery Act This bill modifies the tax deduction for casualty losses to establish special rules for losses of uncut timber. In the case of the loss of uncut timber from fire, storm, other casualty, or theft, the basis used for determining the amount of the deduction may not be less than the excess of (1) the fair market value of the uncut timber determined immediately before the loss was sustained, over (2) the salvage value of the...

(Source: Library of Congress)

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There is one statement associated with H.R.1444.

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Date Description
Feb. 28, 2019
Referred to the House Committee on Ways and Means.
Feb. 28, 2019

Introduced in the House by Buddy Carter (R-Ga.)

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