Bill · S. 4442· Senate(119-S-4442)
Save America’s Family Forests Act of 2026
- Introduced
- 4/29/2026
- Last activity
- 4/29/2026 — Read twice and referred to the Committee on Finance.
- Sponsored by
- Bill Cassidy
- Cosponsors
- - 0 - 1
- Introduced
- In Committee
What this bill would do
This bill, known as the "Save America's Family Forests Act of 2026," aims to amend the Internal Revenue Code regarding reforestation expenditures. It increases the base amounts for certain expensing rules and introduces inflation adjustments for these amounts starting after 2026. Additionally, it establishes new rules for deductions related to reforestation expenditures following qualified natural disasters. These disaster-related deductions apply to uncut timber damaged by a disaster determined by the President. The bill also includes specific rules for the recapture of deductions if timber property is sold early.
Yes· 3 of 8
Would business owners be better off under this?+6
Business owners in the timber and forestry industries benefit from higher expensing limits and disaster-related tax deductions.
Would farmers be better off under this?+5
The bill provides significant tax advantages for those managing timber property, which often overlaps with agricultural land use.
Does this cut taxes for small businesses?+5
The bill increases the amounts that can be fully expensed for reforestation, providing tax relief for businesses managing timber property.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Increased Expensing Limits: The bill increases the base expensing amount from $10,000 to $30,000 and the other specified amount from $5,000 to $15,000 under Section 194(b)(1) (Section 2(a)). This allows for higher amounts of reforestation expenditures to be fully expensed.
-
Inflation Protection: Starting after 2026, the bill implements an inflation adjustment for the base expensing amounts to keep them current with the cost-of-living (Section 2(b) and Section 3(a)(4)(A)).
-
Disaster Recovery Support: Taxpayers with qualified timber property can claim a deduction for reforestation expenditures caused by qualified natural disasters (Section 3(a)(1)). This deduction can be up to $500,000 per property, or $1,000,000 in aggregate (Section 3(a)(1)(A)).
Potential Negative Impacts for People
-
Recapture of Deductions: If a taxpayer disposes of qualified timber property within 10 years of claiming a disaster-related deduction, they must recapture the amount as ordinary income (Section 3(c)(1)).
-
Limitations on Deductions: For disaster-related reforestation, the deduction is limited to specific amounts per property and in total aggregate, which may restrict the full benefit for some taxpayers (Section 3(a)(1)(A)).
-
Allocation Requirements for Groups: In the case of controlled groups of corporations or businesses, the limitations on deductions must be allocated among the members of the group (Section 3(a)(5)(A)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Business Owners+6Good For Farmers+5Good For Rural Residents+4
- Economy And Finance
- Reduces Small Business Taxes+5Improves Small Business Support+4Improves Economic Growth+3
- Environment Energy And Infrastructure
- Improves Environmental Protections+5Improves Disaster Relief And F E M A+4
- 4/29/2026
- Read twice and referred to the Committee on Finance.
- 1 Cosponsor added.
- Introduced in Senate
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Raphael WarnockDemocrat · Georgia