WASHINGTON, D.C. — Congresswoman Elise Stefanik, R-Schuylerville, has cosponsored the bipartisan Forest Recovery Act, legislation that will support timber farmers affected by catastrophic loss events. The bill will help forest landowners recover from natural disasters by eliminating the basis limitation rule and allowing them to deduct up to the fair market value of their devastated trees.
“Farmers across many sectors continue to be impacted by extreme weather events, and not all of them are protected by crop insurance,” Stefanik said in a statement. “This bipartisan bill will help timber producers continue their business, which will have a positive impact on many of our North Country communities who include timber production as part of their economic base.”
Last week, Stefanik additionally cosponsored the Counting All Military Votes Act, legislation to make Express Mail Labels available to deployed active duty military serving U.S. embassies, consulates, and/or in diplomatic posts. The measure is to ensure each of their absentee votes will be successfully delivered on time by Express Mail in order to be counted.