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
Jun 7, 2001
Read twice and referred to the Committee on Finance.
Jun 7, 2001
Sponsor introductory remarks on measure. (CR S5981-5982)