1. Short title This Act may be cited as the Disaster Reforestation Act . 2. Casualty losses of uncut timber (a) In general Section 165(b) of the Internal Revenue Code of 1986 is amended— (1) by striking For purposes of subsection (a) and inserting the following: (1) In general For purposes of subsection (a) , and (2) by adding at the end the following new paragraph: (2) Special rule for casualty loss of uncut timber (A) In general In the case of the loss of any uncut timber from fire, storm, or other casualty, or from theft, the basis for determining the amount of the deduction for such loss (as otherwise determined under paragraph (1)) shall not be less than the excess of— (i) the appraised value of such uncut timber determined immediately before such loss was sustained, over (ii) the salvage value of such timber. (B) Appraisal methods (i) In general With respect to the appraisal of a timber casualty loss described in subparagraph (A)— (I) the appraisal valuation date shall be not later than 1 year after the casualty loss, and (II) the appraisal shall— (aa) conform to the Uniform Standards of Professional Appraisal Practice (USPAP), (bb) be limited to the value of the lost timber, and (cc) be completed by a Federal- or State-certified appraiser. (ii) Delay in completion of appraisal (I) In general In the case of any taxpayer who is unable to obtain an appraisal described in clause (i) before the due date of the return of tax (including any extension of time for filing such return) for the taxable year in which the timber casualty loss occurred, the taxpayer may elect to— (aa) with respect to the return of tax for such taxable year, include an estimate of the value of the uncut timber determined immediately before the loss was sustained, and (bb) upon completion of the appraisal within the period described in clause (i)(I), file an amended return for such taxable year with respect to any adjustment in taxable income as determined pursuant to subclause (II). (II) Adjustment of taxable income With respect to any