H.R. 262: Disaster Reforestation Act

H.R. 262 is a federal bill in the 119th Congress. Today, timber owners calculating tax deductions for trees destroyed by natural disasters use specific historical cost rules that often result in smaller deductions than the actual market value of the lost wood. Under this bill, timber owners can calculate… See its sponsors, how members voted, and a plain-English breakdown on PolityLens.