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H. Rept. 114-749 1 (2016-09-16)

handle is hein.congrecreports/crptxrut0001 and id is 1 raw text is: AUT-ENTICATED US. GOVERNMENT INFORMATION GP 114TH CONGRESS REPORT 2d Session HOUSE OF REPRESENTATIVES 114-749 EMERGENCY CITRUS DISEASE RESPONSE ACT OF 2016 SEPTEMBER 16, 2016.-Committed to the Committee of the Whole House on the State of the Union and ordered to be printed Mr. BRADY of Texas, from the Committee on Ways and Means, submitted the following REPORT [To accompany H.R. 3957] [Including cost estimate of the Congressional Budget Office] The Committee on Ways and Means, to whom was referred the bill (H.R. 3957) to amend the Internal Revenue Code of 1986 to temporarily allow expensing of certain costs of replanting citrus plants lost by reason of casualty, having considered the same, re- port favorably thereon with an amendment and recommend that the bill as amended do pass. CONTENTS Page I. SUMMARY AND BACKGROUND ................................................................. 2 A. Purpose and Sum m ary ......................................................................... 2 B. Background and Need for Legislation ................................................ 2 C. Legislative H istory ............................................................................... 3 II. EXPLANATION OF THE BILL ..................................................................... 3 A. Expensing of Certain Costs of Replanting Citrus Plants Lost by Reason of Casualty (sec. 2 of the bill and sec. 263A of the C ode) ................................................................................................... 3 III. VOTES OF THE COMM ITTEE ...................................................................... 5 IV. BUDGET EFFECTS OF THE BILL ............................................................. 5 A. Committee Estimate of Budgetary Effects ........................................ 5 B. Statement Regarding New Budget Authority and Tax Expendi- tures Budget Authority ...................................................................... 6 C. Cost Estimate Prepared by the Congressional Budget Office ........... 6 V. OTHER MATTERS TO BE DISCUSSED UNDER THE RULES OF THE H O U SE ........................................................................................................ 7 A. Committee Oversight Findings and Recommendations ................... 7 B. Statement of General Performance Goals and Objectives ............... 8 C. Information Relating to Unfunded Mandates .................................... 8 D. Applicability of House Rule XXI 5(b) ................................................. 8 E. Tax Com plexity Analysis ..................................................................... 8 59-006

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