This expenditure allows individuals and companies to immediately deduct the costs of timber growing expenses. This is an exception to general tax rules, which normally require companies to capitalize these costs (i.e. depletion or depreciation) over a number of years. Growing or production costs include indirect carrying costs, such as interest and property taxes, as well as direct costs, such as disease and pest control and clearing brush.
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Program
Committees of Jurisdiction
Expensing of Timber Growing Costs
Category
Public Lands
Subsidy Type
Tax Expenditure
Senate Finance Committee
$300
FY 16 Budget Score (in mil.)
$3,000
FY 16-25 Budget Score (in mil.)