What does Preamble of Save America’s Family Forests Act of 2026 do?

This bill aims to amend the Internal Revenue Code of 1986 The amendment would allow for limited full expensing of certain reforestation expenditures

What does SHORT TITLE. of Save America’s Family Forests Act of 2026 do?

This bill is formally titled the Save America's Family Forests Act of 2026.

What does MODIFICATION OF REFORESTATION EXPENDITURE RULES. of Save America’s Family Forests Act of 2026 do?

This section modifies reforestation expenditure rules. The base expensing amount is increased to $30,000 and $15,000. An inflation adjustment for base expensing is added for taxable years after 2026.

What does TREATMENT OF REFORESTATION EXPENDITURES FOR QUALIFIED NATURAL of Save America’s Family Forests Act of 2026 do?

This section amends the Internal Revenue Code of 1986 to allow a deduction for reforestation expenditures related to qualified natural disasters. The deduction is limited to $500,000 per qualified timber property, with an aggregate limit of $1,000,000 for all properties. The deduction is available for taxable years beginning after December 31, 2026. The section also provides for recapture of the deduction if the qualified timber property is disposed of within 10 years. Regulations will be prescribed to carry out the provisions of this section.

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Save America’s Family Forests Act of 2026

Last updated: 4/29/2026 · Introduced: 4/29/2026

Author: Bill Cassidy (R-LA)

TL;DR (AI)

The bill increases the amount businesses can immediately expense for reforestation efforts to $30,000 and $15,000, with inflation adjustments after 2026.
It allows a deduction of up to $500,000 per property (with a $1,000,000 aggregate limit) for reforestation expenditures related to qualified natural disasters.
The bill requires recapture of disaster-related reforestation deductions if the timber property is sold within 10 years.

119th Congressin committeeOfficial page

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Other Sections

Includes provisions on preamble, short title., and 2 more.

4 sections

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