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Committee advances hurricane-Helene relief bill adding timber 'Trees Act' and raising per-acre credit
Summary
The committee passed House Bill 223, a governor-backed package of Hurricane Helene relief measures that exempts certain disaster payments, provides timber loss credits (the 'Trees Act'), and extends sales-tax exemptions for livestock building supplies; members debated the per-acre credit amount and refundable/transferable features.
The Senate Finance Committee approved House Bill 223, a multi-part hurricane-relief measure sponsored in the House and presented to the committee as a governor-backed bill addressing damage from Hurricane Helene.
Representative Burchett, who presented the bill, described three core components: (1) exemption of disaster-relief payments and certain crop-insurance proceeds tied to Helene damage, (2) a tax credit for timber owners to account for casualty losses (the transcript and presenters referred to this as the…
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