Additional Option for Passage of Disaster Reforestation Act Tax Package Clears Initial Hurdle in the House Last week, Congressman Jason Smith (R-MO), Chairman of the House Ways and Means Committee, and Senator Ron Wyden (D-OR), Chairman of the Senate Finance Committee, announced an agreement on a framework for tax reform legislation. Read more on this…
President Biden recently released his $5.8 trillion fiscal year 2023 (FY23) budget proposal, which he plans to fund through tax hikes that may impact private forest landowners. The budget proposal relies heavily on an annual 20% tax on taxpayers with income and assets exceeding $100 million. While the tax is being dubbed as a “billionaires…
Family-owned and operated businesses face several challenges when transitioning to the next generation of ownership, including navigating the tax code. As recent jobs reports indicate, the economy remains on delicate footing, and at a time when many families and private forestry businesses are still struggling with disaster recovery and flat stumpage prices, several proposals put…
After months of gridlock, late last Friday Congress passed the bipartisan $1.2 trillion Infrastructure Investment and Jobs Act, which includes $555 billion in new funding for mostly “traditional” infrastructure (roads, bridges, etc.). However, the term “forest” is mentioned almost 200 times in the bill, making one thing clear – both parties agree that trees are…
FOR IMMEDIATE RELEASE September 21, 2021 Senators Warnock and Cassidy Emerge as Champions of Nations Forest Landowners WASHINGTON, DC – In the midst of Hurricane season and with wildfires still raging in the pacific northwest, the nation’s forest landowners are holding their breath hoping for a fix in tax code to help them recover after…
FOR IMMEDIATE RELEASE June 29, 2021 Bipartisan Tax Legislation Introduced to Help Forest Landowners Recover After Natural Disasters WASHINGTON, DC –The Forest Landowners Association (FLA) applauds the introduction of bi-partisan H.R. 4210: The Disaster Reforestation Act, sponsored by Rep. Terri Sewell (D-AL-07) and Buddy Carter (R-GA-01), which allows family and private timber growers to recover…
FOR IMMEDIATE RELEASE June 29, 2021 Bipartisan Tax Legislation Introduced to Help Alabama Forest Landowners Recover After Natural Disasters WASHINGTON, DC – Private forest landowners in Alabama and around the nation are applauding the introduction of bi-partisan HR 4210: The Disaster Reforestation Act, sponsored by Rep. Terri Sewell (D-AL) and Buddy Carter (R-GA), which allows…
FOR IMMEDIATE RELEASE June 29, 2021 Bipartisan Tax Legislation Introduced to Help Georgia Forest Landowners Recover After Natural Disasters WASHINGTON, DC – Private forest landowners in Georgia and around the nation are applauding the introduction of bi-partisan HR 4210: The Disaster Reforestation Act, sponsored by Reps. Terri Sewell (D-AL) and Buddy Carter (R-GA), which allows…