,i  #aahth ,,congress  #ast ,session    
,h4 ,r4 #fee  ,,in ,,the ,,house ,,of   
,,representatives  ,january #ca1        
#bjbc,mr4 ,carter of ,georgia 7for      
himself and ,ms4 ,sewell7 introduced the
 following bill2 which was referred to  
the ,committee on ,ways and ,means  ,a  
,,bill  ,to amend the ,internal ,revenue
 ,code of #aihf to provide a special    
rule for certain casualty losses of     
uncut timber4  #a4 ,short title ,this   
,act may be cited as the ,disaster      
,reforestation ,act4  #b4 ,casualty     
losses of uncut timber  7a7 ,in general 
,section #afe7;b7 of the ,internal      
,revenue ,code of #aihf is amended--    
7#a7 by striking ,for purposes of       
subsection 7a7 and inserting the        
following3  7#a7 ,in general ,for       
purposes of subsection 7a7  1 and  7#b7 
by adding at the end the following new  
paragraph3  7#b7 ,special rule for      
casualty loss of uncut timber  7,a7 ,in 
general ,in the case of the loss of any 
uncut timber from fire1 storm1 insects1 

invasive species1 drought1 or other     
casualty1 or from theft1 the basis for  
determining the amount of the deduction 
for such loss 7as otherwise determined  
under paragraph 7#a77 shall not be less 
than the excess of--  7i7 the value of  
such uncut timber determined immediately
 before such loss was sustained1 over   
7ii7 the salvage value of such timber4  
7,b7 ,appraisal methods ,with respect to
 the appraisal of a timber casualty loss
 described in subparagraph 7,a7-- 7i7   
the appraisal valuation date shall be   
not later than #a year after the        
casualty loss2 and  7ii7 the appraisal  
shall-- 7,i7 conform to the ,uniform    
,standards of ,professional ,appraisal  
,practice 7,,uspap72  7,,ii7 be limited 
to the value of the lost timber2 and    
7,,iii7 be completed by a ,federal- or  
,state-certified appraiser4  7,c7       
,exclusion of timber not held for sale  
,subparagraph 7,a7 shall not apply to   
any timber unless such timber is held   
for the purpose of being cut and sold in

 connection with a trade or business    
that is not a passive activity within   
the meaning of section #dfi4  7,d7      
,inclusion of pre-merchantable timber   
,for purposes of this paragraph1 the    
term uncut timber shall not fail to     
include pre-merchantable timber4  7,e7  
,reforestation requirement ,subparagraph
 7,a7 shall not apply unless the uncut  
timber subject to the loss is reforested
 7with hardwoods1 softwoods1 or any     
combination thereof7 by planting1       
seeding1 or appropriate site            
preparation1 not later than the close of
 the #e-year period beginning on the    
date of such loss4  4  7b7 ,effective   
date ,the amendments made by this       
section shall apply to taxable years    
beginning after the date of the         
enactment of this ,act4