S. 402 - Timber Tax Act of 2007
Taxation. 110th Congress (2007-2008) View bill details
- Sponsor:
- Blanche Lincoln
- Summary:
- This bill amends the Internal Revenue Code to allow a tax deduction (available to taxpayers whether or not they itemize deductions) for up to 60% of gains from certain sales or exchanges of timber. (by CRS)
- Status:
- The bill has been introduced.
There have been no votes on this bill.
Timber Tax Act of 2007
S. 402 — 110th Congress (2007–2008)
- Summary
- This bill amends the Internal Revenue Code to allow a tax deduction (available to taxpayers whether or not they itemize deductions) for up to 60% of gains from certain sales or exchanges of timber. (by CRS)
- Learn More
- At OpenCongress
- Title
- A bill to amend the Internal Revenue Code of 1986 to allow a deduction for qualified timber gains.
- Other Titles
- Timber Tax Act of 2007
- Sponsor
- Blanche Lincoln
- Co-Sponsors
- Subjects
- Taxation
- Business
- Capital gains tax
- Corporation taxes
- Income tax
- Lumber trade
- Natural resources
- Tax deductions
- Timber sales
- Related Bills
- Major Actions
Introduced 1/25/2007 Referred to Committee - Bill History
-
There have been no votes on this bill.
Action Date Description Introduced 1/25/2007 1/25/2007 Read twice and referred to the Committee on Finance. Number Sponsor Date Offered Status
MapLight did not identify any interest groups that took a position on this vote.
You may be able to explore campaign contributions data if you add interest groups.
Help your colleagues by suggesting an organization that took a position on this vote.
Includes reported contributions to congressional campaigns of Senators in office during the 110th U.S. Congress, from interest groups invested in the vote according to MapLight, December 26, 2006 – February 24, 2007.
Contributions data source: OpenSecrets.org
Contributions data source: OpenSecrets.org
