What is the official ID of this bill?

The official print number for this legislation is HR 655.

When did the legislative process begin?

The process officially started on 2023-01-31.

Where can I read the full text of this legislation?

The full official text is available at: https://www.congress.gov/118/bills/hr655/BILLS-118hr655ih.htm

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

Who is the primary sponsor?

The primary sponsor is Rep. Carter, Earl L. "Buddy" [R-GA-1].

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Analysis and Potential Impact of HR 655

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

Tax relief for timber losses after disasters and reforestation requirement.

Q: What are the main provisions?

Key points include: Forest owners can deduct larger losses for damaged timber if it was intended for sale. To qualify for the relief, damaged areas must be reforested within five years. The loss value must be confirmed by a certified appraiser.

This act introduces new rules for deducting timber losses caused by natural disasters like fires or storms. It aims to help forest owners recover from such events, provided they reforest the damaged areas. These changes may impact the finances of individuals and businesses involved in timber harvesting.

Key points

Forest owners can deduct larger losses for damaged timber if it was intended for sale.

To qualify for the relief, damaged areas must be reforested within five years.

The loss value must be confirmed by a certified appraiser.

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Additional Information

Disaster Reforestation Act

Print number: HR 655

Sponsor: Rep. Carter, Earl L. "Buddy" [R-GA-1]

Process start date: 2023-01-31

System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.

Summarized by: gemini-2.5-flash-preview-05-20

Source data: api.congress.gov

AI work logs for this document launch

Tax relief for timber losses after disasters and reforestation requirement.

Key Questions about Tax relief for timber losses after disasters and reforestation requirement.