The bill aims to amend the Internal Revenue Code to enhance deductions for reforestation expenditures. It proposes to increase base expensing amounts from $10,000 to $30,000 and from $5,000 to $15,000. In addition, it calls for an inflation adjustment for taxable years starting post-2026. Furthermore, it introduces a new section on the treatment of reforestation expenditures for qualified natural disasters, allowing deductions for disaster-related reforestation expenditures up to $500,000 per property and $1,000,000 in aggregate. The bill also addresses recapture upon early disposition and includes definitions and special rules. These amendments are set to take effect from taxable years beginning after December 31, 2026.