To amend the Internal Revenue Code of 1986 with respect to the treatment of crops destroyed by casualty.
Last action on Jun 28, 2001Referred to the House Committee on Ways and Means.
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Summary
Amends the Internal Revenue Code to allow as capital expenditure deductions certain replanting, removal, and preproductive costs of crops for human consumption lost to freezing temperature, disease, drought, casualty, or pests.
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