Congressman Jerry Carl announced his sponsorship of the Disaster Reforestation Act of 2021, which is bipartisan legislation to help timber growers recover from timber loss caused by natural disasters.
Introduced by Terri Sewell and Buddy Carter in June, the bill would let private forest owners deduct the value of destroyed timber on their taxes after a natural disaster such as hurricanes and tornadoes while making it easier for timber owners to recover and reforest after a natural disaster.
Carl stated, “South Alabama is home to more than 500,000 acres of privately-owned forests, which support 2,000 jobs in the district, so it is critical we amend the tax code to help Alabama’s private forest owners recover and reforest after natural disasters. Working forests create good-paying, sustainable jobs, which are necessary for a stable lumber market and create a natural solution to protect our environment. I urge my colleagues on both sides of the aisle to support this important legislation.”
Sewell posted on Twitter, “Our beautiful Alabama forests keep our economy, environment, and people healthy. We must ensure that our tax code helps forest landowners recover after devastating natural disasters.”
