,i  #aah? ,,congress  #a/ ,session  ,h4 
,r4 #fee  ,,9 ,,! ,,h\se ,,(            
,,repres5tatives  ,janu>y #ca1 #bjbc,mr4
 ,c>t] ( ,georgia 7= himself & ,ms4     
,sewell7 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 
! ,disa/] ,re=e/ation ,act4  #b4        
,casualty losses ( uncut timb]  7a7 ,9  
g5]al ,section #afe7;b7 ( ! ,int]nal    
,rev5ue ,code ( #aihf is am5d$--  7#a7  
by /rik+ ,= purposes ( subsection 7a7 & 
ins]t+ ! foll[+3  7#a7 ,9 g5]al ,=      
purposes ( subsection 7a7  1 &  7#b7 by 
add+ at ! end ! foll[+ new p>agraph3    
7#b7 ,special rule = casualty loss (    
uncut timb]  7,a7 ,9 g5]al ,9 ! case ( !
 loss ( any uncut timb] f fire1 /orm1   
insects1 invasive species1 dr\ght1 or   
o!r casualty1 or f !ft1 ! basis =       
det]m9+ ! am\nt ( ! d$uction = su* loss 
7z o!rwise det]m9$ "u p>agraph 7#a77    

%all n be less ?an ! excess (--  7i7 !  
value ( su* uncut timb] det]m9$         
imm$iately be=e su* loss 0 su/a9$1 ov]  
7ii7 ! salvage value ( su* timb]4  7,b7 
,appraisal me?ods ,) respect to !       
appraisal ( a timb] casualty loss       
describ$ 9 subp>agraph 7,a7-- 7i7 !     
appraisal valuation date %all be n lat] 
?an #a ye> aft] ! casualty loss2 &  7ii7
 ! appraisal %all-- 7,i7 con=m to !     
,uni=m ,/&>ds ( ,pr(essional ,appraisal 
,practice 7,,uspap72  7,,ii7 be limit$  
to ! value ( ! lo/ timb]2 &  7,,iii7 be 
complet$ by a ,f$]al- or ,/ate-c]tifi$  
apprais]4  7,c7 ,exclusion ( timb] n    
held = sale ,subp>agraph 7,a7 %all n    
apply to any timb] unless su* timb] is  
held = ! purpose ( be+ cut & sold 9     
connection ) a trade or bus9ess t is n a
 passive activity )9 ! mean+ ( section  
#dfi4  7,d7 ,inclusion ( pre-m]*antable 
timb] ,= purposes ( ?is p>agraph1 ! t]m 
uncut timb] %all n fail to include      
pre-m]*antable timb]4  7,e7 ,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 ,effective    
date ,! am5dm5ts made by ?is section    
%all apply to taxable ye>s beg9n+ aft] !
 date ( ! enactm5t ( ?is ,act4