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HR 3841 102th Congress House Taxation Accounting Business losses Capital gains tax Depreciation and amortization Income tax Indexing (Economic policy) Lumber trade Reforestation Tax credits Tax deductions Timber sales Trusts and trustees

Reforestation Tax Act of 1991

Introduced: November 21, 1991 Introduced by: Wyden, Ron Democratic · Oregon See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 21, 1991
Referred to the House Committee on Ways and Means.
Nov 21, 1991
Introduced in House
 Plain-English summary Congressional Research Service

Reforestation Tax Act of 1991 - Amends the Internal Revenue Code to provide taxpayers a partial inflation adjustment for the deduction from gross income for qualified timber gain. Allows such deduction in computing adjusted gross income.

Provides for applying passive loss limitations to timber activities.

Increases the amount allowable as a deduction for amortization of reforestation expenditures and provides an inflation adjustment after calendar year 1992. Applies such inflation adjustment to the reforestation credit.

What's happening now November 21, 1991

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1