,i  #aaf? ,,congress  #a/ ,session  ,h4 
,r4 #addd  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,febru>y #bh1         
#bjai,mr4 ,c>t] ( ,georgia 7= himself1  
,mr4 ,au/9 ,scott ( ,georgia1 ,ms4      
,p+ree1 ,mr4 ,hice ( ,georgia1 ,mr4     
,m>%all1 ,mr4 ,c>twright1 ,mr4 ,we/]man1
 ,mr4 ,bab91 ,mr4 ,tipton1 ,mr4 ,dunn1  
,mr4 ,kelly ( ,mississippi1 & ,mr4      
,gue/7 introduc$ ! foll[+ bill2 :i* 0   
ref]r$ to ! ,committee on ,ways & ,means
  ,a ,,bill  ,to am5d ! ,int]nal ,rev5ue
 ,code ( #aihf to provide a special rule
 = c]ta9 casualty losses ( uncut timb]4 
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,=e/ ,recov]y ,act4  #b4 ,casualty    
losses ( uncut timb]  7a7 ,9 g5]al      
,section #afe7;b7 ( ! ,int]nal ,rev5ue  
,code ( #aihf is am5d$--  7#a7 by /rik+ 
,= purposes ( subsection 7a7 & ins]t+ ! 
foll[+3  7#a7 ,9 g5]al ,= purposes (    
subsection 7a7  1 &  7#b7 by add+ at !  
end ! foll[+ new p>agraph3  7#b7        
,special rule = casualty loss ( uncut   
timb]  7,a7 ,9 g5]al ,9 ! case ( ! loss 

( any uncut timb] f fire1 /orm1 or o!r  
casualty1 or f !ft1 ! basis = det]m9+ ! 
am\nt ( ! d$uction = su* loss 7z o!rwise
 det]m9$ "u p>agraph 7#a77 %all n be    
less ?an ! excess (--  7i7 ! fair m>ket 
value ( su* uncut timb] det]m9$         
imm$iately be=e su* loss 0 su/a9$1 ov]  
7ii7 ! salvage value ( su* timb]4  7,b7 
,exclusion ( timb] n held = sale        
,subp>agraph 7,a7 %all n apply to any   
timb] unless su* timb] is held = !      
purpose ( be+ cut & sold4  7,c7         
,inclusion ( pre-m]*antable timb] ,=    
purposes ( ?is p>agraph1 ! t]m uncut    
timb] %all n fail to include            
pre-m]*antable timb]4  7,d7 ,re=e/ation 
requirem5t ,subp>agraph 7,a7 %all n     
apply unless ! uncut timb] subject to ! 
loss is re=e/$ 7) h>dwoods1 s(twoods1 or
 any comb9ation !re(7 by plant+1 se$+1  
or appropriate site prep>ation1 n lat]  
?an ! close ( ! #e-ye> p]iod beg9n+ on !
 date ( su* loss4  4  7b7 ,exception to 
repeal ( p]sonal casualty losses        
,section #afe7;h77#e77;,a7 is am5d$ by  

ins]t+ or a loss ( uncut timb] 7)9 !    
mean+ ( subsection 7b77#b77 to :i*      
subsection 7b77#b77;,a7 applies aft]    
,f$]ally decl>$ disa/] 7z def9$ 9       
subsection 7i77#e774  7c7 ,effective    
date ,! am5dm5ts made by ?is section    
%all apply to taxable ye>s beg9n+ aft] !
 date ( ! enactm5t ( ?is ,act4