HR 4168
101th Congress
House
Taxation
Excise tax
Income tax
Lumber trade
Tax deductions
Timber sales
To amend the Internal Revenue Code of 1986 to deny any deduction for expenses in connection with the cutting of old-growth redwood timber which is a nonrenewable resource and to impose an excise tax on the cutting of such timber.
Introduced: March 1, 1990
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 1, 1990
Referred to the House Committee on Ways and Means.
Mar 1, 1990
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to deny an income tax deduction for expenses in connection with: (1) the cutting of old-growth redwood timber; or (2) the transportation of such timber in its unprocessed state.
Imposes an excise tax on the cutting of any old-growth redwood timber, to be paid by the holder of the economic interest in the timber.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1