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
- Total Contributions
- Contributions by Vote
- $ Near Votes
- Timeline of Contributions
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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.org, January 1, 2003 – December 31, 2008.
Contributions data source: OpenSecrets.org
Contributions data source: OpenSecrets.org
