Rep. Stefanik Cosponsors the Forest Recovery Act
February 13, 2020
February 13, 2020
WASHINGTON, Feb. 13 -- Rep. Elise Stefanik, R-New York, issued the following news release:
Congresswoman Elise Stefanik is a cosponsor of the bipartisan Forest Recovery Act, legislation that will support timber farmers who have been affected by catastrophic loss events. The bill will help forest landowners recover from natural disasters by eliminating the basis limitation rule and allowing them to deduct up to the fair market value of their devastated trees. This levels the playing . . .
Congresswoman Elise Stefanik is a cosponsor of the bipartisan Forest Recovery Act, legislation that will support timber farmers who have been affected by catastrophic loss events. The bill will help forest landowners recover from natural disasters by eliminating the basis limitation rule and allowing them to deduct up to the fair market value of their devastated trees. This levels the playing . . .