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HR 960 103th Congress House Taxation Accounting Business losses Capital gains tax Depreciation and amortization Environmental Protection Income tax Indexing (Economic policy) Lumber trade Reforestation Tax credits Tax deductions Timber sales Trusts and trustees

Reforestation Tax Act of 1993

Introduced: February 18, 1993 Introduced by: Wyden, Ron Democratic · Oregon See on congress.gov
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 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 24, 1993
Subcommittee Hearings Held.
May 27, 1993
Referred to the Subcommittee on Select Revenue Measures.
Feb 18, 1993
Referred to the House Committee on Ways and Means.
Feb 18, 1993
Introduced in House
 Plain-English summary Congressional Research Service

Reforestation Tax Act of 1993 - 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.

Excludes from conditions of the material participation rules, for purposes of the passive loss limitations, closely held timber activity if the aggregate hours devoted to management of the activity for any year is generally fewer than 100 hours.

Increases the amount allowable as a deduction for amortization of reforestation expenditures and provides an inflation adjustment after calendar year 1994. Applies such inflation adjustment to the reforestation credit. Shortens the amortization period from 84 to 60 months.

What's happening now June 24, 1993

Subcommittee Hearings Held.

 Committees of jurisdiction 2
 Cosponsors 3
All 3 Democratic 2 Republican 1