# 115-hr-4962: Forest Recovery Act

115-hr-4962, Forest Recovery Act, is a 115th Congress bill sponsored by Rep. Carter, Earl L. "Buddy" [R-GA-1] (R-GA); status Referred to the House Committee on Ways and Means. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/115-hr-4962
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 115-hr-4962
- Congress: 115
- Title: Forest Recovery Act
- Status: Referred to the House Committee on Ways and Means.
- Introduced: 2018-02-07
- Sponsor: Rep. Carter, Earl L. "Buddy" [R-GA-1] (R-GA)
- Cosponsors: 18
- Policy area: Taxation
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Forest Recovery Act This bill amends the Internal Revenue Code, with respect to the deduction for casualty losses, to establish special rules for losses of uncut timber. In the case of the loss of uncut timber from fire, storm, other casualty, or theft, the basis used for determining the amount of the deduction may not be less than the excess of: (1) the fair market value of the uncut timber determined immediately before the loss was sustained, over (2) the salvage value of the timber. The rule applies only if: (1) the timber was held for the purpose of being cut and sold, and (2) the uncut timber subject to the loss is reforested within five years of the loss. The bill also exempts casualty losses from uncut timber from the rule restricting the deduction for personal casualty losses to losses attributable to a federally declared disaster.

## Cosponsors (18)

- Rep. Westerman, Bruce [R-AR-4] (R-AR), 2018-02-07T00:00:00.000Z
- Rep. Abraham, Ralph Lee [R-LA-5] (R-LA), 2018-02-07T00:00:00.000Z
- Rep. Scott, Austin [R-GA-8] (R-GA), 2018-02-07T00:00:00.000Z
- ROBERT GOODLATTE (R-VA), 2018-02-07T00:00:00.000Z
- Rep. Palazzo, Steven M. [R-MS-4] (R-MS), 2018-02-07T00:00:00.000Z
- Rep. Bishop, Sanford D. [D-GA-2] (D-GA), 2018-02-07T00:00:00.000Z
- Rep. Byrne, Bradley [R-AL-1] (R-AL), 2018-02-26T00:00:00.000Z
- Rep. Hice, Jody B. [R-GA-10] (R-GA), 2018-02-26T00:00:00.000Z
- Rep. Johnson, Mike [R-LA-4] (R-LA), 2018-04-12T00:00:00.000Z
- Rep. Graves, Tom [R-GA-14] (R-GA), 2018-04-24T00:00:00.000Z
- Rep. Kelly, Trent [R-MS-1] (R-MS), 2018-04-25T00:00:00.000Z
- Rep. Shea-Porter, Carol [D-NH-1] (D-NH), 2018-04-25T00:00:00.000Z
- Rep. Cartwright, Matt [D-PA-8] (D-PA), 2018-05-07T00:00:00.000Z
- Sen. Marshall, Roger [R-KS] (R-KS), 2018-05-07T00:00:00.000Z
- Rep. Ferguson, A. Drew, IV [R-GA-3] (R-GA), 2018-05-07T00:00:00.000Z
- Rep. Tipton, Scott R. [R-CO-3] (R-CO), 2018-05-08T00:00:00.000Z
- Rep. Pingree, Chellie [D-ME-1] (D-ME), 2018-05-23T00:00:00.000Z
- Rep. Babin, Brian [R-TX-36] (R-TX), 2018-07-11T00:00:00.000Z

## Related bills

- 115-hr-2519: The American Legion 100th Anniversary Commemorative Coin Act
- 115-hr-5499: Stephen Michael Gleason Congressional Gold Medal Act
- 115-hr-38: Concealed Carry Reciprocity Act of 2017
- 115-hr-4229: Protecting HOME Access Act of 2017
- 115-hr-1057: STOP Act of 2017
- 115-hr-849: Protecting Seniors Access to Medicare Act

## Sources
- [115-hr-4962 on Congress.gov](https://www.congress.gov/bill/115th-congress/house-bill/4962)

## Related
- [115-hr-2519: The American Legion 100th Anniversary Commemorative Coin Act](https://policyrisk.com/legislation/115-hr-2519)
- [115-hr-5499: Stephen Michael Gleason Congressional Gold Medal Act](https://policyrisk.com/legislation/115-hr-5499)
- [115-hr-38: Concealed Carry Reciprocity Act of 2017](https://policyrisk.com/legislation/115-hr-38)
- [115-hr-4229: Protecting HOME Access Act of 2017](https://policyrisk.com/legislation/115-hr-4229)
- [115-hr-1057: STOP Act of 2017](https://policyrisk.com/legislation/115-hr-1057)
- [115-hr-849: Protecting Seniors Access to Medicare Act](https://policyrisk.com/legislation/115-hr-849)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/115-hr-4962 (as of 2025-11-18).