Timber Revitalization and Economic Enhancement Act II of 2008
Latest action · Jul 31, 2008 Read twice and referred to the Committee on Finance.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJul 31, 2008
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Timber Revitalization and Economic Enhancement Act II of 2008 - Amends the Internal Revenue Code to make permanent: (1) the reduction in the rate of tax on the net timber gain of corporations; and (2) rules for the treatment of timber real estate investment trust (REIT) gains, mineral royalty income, and prohibited transactions.
Cosponsors 12
Members who signed on, in the order they did. Signatures ran from Jul 31, 2008 to Sep 11, 2008; 9 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-LA | David Vitter | Original | Jul 31, 2008 |
| R-NC | Elizabeth Dole | Original | Jul 31, 2008 |
| R-OR | Gordon H. Smith | Original | Jul 31, 2008 |
| R-TX | John Cornyn | Original | Jul 31, 2008 |
| D-WA | Maria Cantwell | Original | Jul 31, 2008 |
| D-LA | Mary L. Landrieu | Original | Jul 31, 2008 |
| D-WA | Patty Murray | Original | Jul 31, 2008 |
| R-MS | Roger F. Wicker | Original | Jul 31, 2008 |
| R-GA | Saxby Chambliss | Original | Jul 31, 2008 |
| R-GA | Johnny Isakson | Sep 11, 2008 | |
| R-TN | Lamar Alexander | Sep 11, 2008 | |
| D-AR | Mark L. Pryor | Sep 11, 2008 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Finance Committee | Referred Aug 1, 2008 |
Actions 3
Everything that happened, newest first.
- Jul 31, 2008Introduced in Senate
- Jul 31, 2008Sponsor introductory remarks on measure. (CR S7954-7955)
- Jul 31, 2008Read twice and referred to the Committee on Finance.
In the Congressional Record 1
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| Senate | Debate and remarks S7954 | Blanche L. Lincoln D-AR | Jul 31, 2008 |
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 6896 | Timber Revitalization and Economic Enhancement Act II of 2008 | Related bill | Sep 15, 2008 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill to amend the Internal Revenue Code of 1986 to make permanent the reduction in the rate of tax on qualified timber gain of corporations, and for other purposes.
- Short Titles as Introduced
- Timber Revitalization and Economic Enhancement Act II of 2008
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Jul 31, 2008Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
