Rural Timber Supply and Housing Cost Relief Act

To reduce inflationary pressure in rural states and lower the cost of home construction and repairs, this bill would expand domestic timber and wood-products supply chains by increasing competitive grants and low-interest financing for sawmills, kiln drying, wood processing, and transportation upgrades in rural areas; direct the U.S. Forest Service and Bureau of Land Management to accelerate review and implementation of hazardous-fuels reduction, salvage, and routine forest management projects consistent with existing environmental laws; and create a temporary tax incentive for the domestic production and purchase of qualified lumber, plywood, and other essential wood building materials used in residential construction, rehabilitation, and disaster repair.