Save America’s Family Forests Act of 2026

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 8538 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 8538 To amend the Internal Revenue Code of 1986 to allow for limited full expensing of certain reforestation expenditures. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES April 28, 2026 Mr. Carter of Georgia (for himself, Ms. Sewell, Mr. Bean of Florida, Mr. Thompson of California, Mr. Steube, Mr. Murphy, and Mr. Moran) introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to allow for limited full expensing of certain reforestation expenditures. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Save America's Family Forests Act of 2026''. SEC. 2. MODIFICATION OF REFORESTATION EXPENDITURE RULES. (a) Increase in Base Expensing Amount.--Section 194(b)(1)(B) of the Internal Revenue Code of 1986 is amended-- (1) in clause (i), by striking ``$10,000'' and inserting ``$30,000'', and (2) in clause (ii), by striking ``$5,000'' and inserting ``$15,000''. (b) Inflation Adjustment for Base Expensing.--Section 194(b)(1) of such Code is amended by adding at the end the following new subparagraph: ``(C) Inflation adjustment.-- ``(i) In general.--In the case of any taxable year beginning after 2026, each dollar amount in subparagraph (B) shall be increased by an amount equal to-- ``(I) such dollar amount, multiplied by ``(II) the cost-of-living adjustment determined under section 1(f)(3) for the calendar year in which the taxable year begins, determined by substituting `calendar year 2025' for `calendar year 2016' in subparagraph (A)(ii) thereof. ``(ii) Rounding.--If any increase determined under clause (i)