HR655-118

Introduced

To amend the Internal Revenue Code of 1986 to provide a special rule for certain casualty losses of uncut timber.

118th Congress Introduced Jan 31, 2023

Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.

Summary

What This Bill Does

The bill provides casualty losses of uncut timber Section 165(b) of the Internal Revenue Code of 1986 is amended— by striking. It relies on definition changes, appropriations, tax deductions, and compliance mandates. The main policy areas are Environmental Groups, Finance, and Environment.

Who Benefits and How

Environmental and public health interests affected by the bill could face lower compliance burdens and Businesses and employers affected by the bill could face lower compliance burdens.

Who Bears the Burden and How

Federal, state, or local agencies responsible for implementing the clause would take on compliance duties and Public beneficiaries or protected communities affected by the clause could face increased risk.

Key Provisions

  • Provides casualty losses of uncut timber Section 165(b) of the Internal Revenue Code of 1986 is amended— by striking.

Evidence Chain:

This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.

At a Glance

What This Bill Does

The bill provides casualty losses of uncut timber Section 165(b) of the Internal Revenue Code of 1986 is amended— by striking.

Key Policy Areas

Environmental Groups, Finance, Environment

Primary Purpose

The bill provides casualty losses of uncut timber Section 165(b) of the Internal Revenue Code of 1986 is amended— by striking.

Policy Domains

Environmental Groups Finance Environment

Whole bill

Identified Gains
  • Environmental and public health interests affected by the bill
  • Businesses and employers affected by the bill
Model: codex-gpt-5:bulk-repair | Version: bill_summary_v2 | Source: ih
Businesses and employers affected by the bill:
Environmental and public health interests affected by the bill:
Identified Costs
  • Federal, state, or local agencies responsible for implementing the clause
  • Public beneficiaries or protected communities affected by the clause
Model: codex-gpt-5:bulk-repair | Version: bill_summary_v2 | Source: ih
Public beneficiaries or protected communities affected by the clause:
Federal, state, or local agencies responsible for implementing the clause:

Legislative Progress

Introduced
Introduced Committee Passed
Jan 31, 2023

Mr. Carter of Georgia (for himself and Ms. Sewell) introduced …

Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →

Bill Structure & Actor Mappings

Who is "The Secretary" in each section?

Domains
Environmental Groups Finance Environment

We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.

Learn more about our methodology