Reforestation Tax Act of 2001

Fact Sheet API

Bill Number

HR 1581

Introduced

Apr 25, 2001

Latest Action

Referred to the House Committee on Ways and Means.

Sponsor

Cosponsors

Topics

Business income tax Capital gains tax Commerce Depreciation and amortization Economics and Public Finance Environmental Protection Income tax Indexing (Economic policy) Lumber trade Public Lands and Natural Resources Reforestation Tax credits Tax deductions Taxation Timber sales

Full Text

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Votes

Summary

Reforestation Tax Act of 2001 - Amends the Internal Revenue Code to allow a deduction to a taxpayer who has a qualified timber gain in an amount equal to the qualified percentage of such gain. Decreases the amortization period for reforestation expenditures.

Actions

Apr 25, 2001

Referred to the House Committee on Ways and Means.
Apr 25, 2001

Introduced in House

Amendments

Related Bills