In CommitteeFiled Apr 29, 2026
Sponsor: Sen. Cassidy, Bill [R-LA] (R)
Latest Action
Read twice and referred to the Committee on Finance.
Apr 29, 2026
Summary
The bill raises the amount of reforestation spending that can be immediately deducted, adjusts those limits for inflation, and creates a special deduction for reforestation after a presidentially‑declared natural disaster. It applies to individuals, corporations, partnerships, S‑corporations, trusts and estates that own qualified timber property. By lowering the tax cost of planting trees, it aims to encourage forest restoration and help owners recover from disasters.
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