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HR 1341 107th Congress House

Timber Tax Simplification Act of 2001

Official title: To amend the Internal Revenue Code of 1986 to provide capital gain treatment under section 631(b) of such Code for outright sales of timber by landowners.

Introduced: June 26, 2001 See on congress.gov
Taxation Business income taxCapital gains taxCommerceIncome tax
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Public Lands and Natural ResourcesTimber sales
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This bill died when the 107th Congress ended
It never became law before the 107th Congress (2001–2002) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 3, 2001
Referred to the House Committee on Ways and Means.
Apr 3, 2001
Introduced in House
Apr 3, 2001
Sponsor introductory remarks on measure. (CR E512)
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 Latest action April 3, 2001

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service
Timber Tax Simplification Act of 2001 - Amends the Internal Revenue Code to provide for the application of capital gain treatment to outright sales of timber whether or not the owner retains economic interest.
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 5
All 5 Republican 2
R
Graham, Lindsey
South Carolina · May 15, 2002
LAMPSON, NICK
· Mar 20, 2002
SANDLIN, MAX
· Aug 1, 2001
 R
Sessions, Pete
Texas · Jun 26, 2001
TURNER, JIM
· Jun 26, 2001
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1341: Timber Tax Simplification Act of 2001. 107th Congress. Open America. https://openamerica.io/bill/107-HR-1341/
MLA
"H.R. 1341: Timber Tax Simplification Act of 2001." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-HR-1341/.
Bluebook (legal)
H.R. 1341, 107th Cong. (2026), https://openamerica.io/bill/107-HR-1341/.
Markdown link
[H.R. 1341: Timber Tax Simplification Act of 2001](https://openamerica.io/bill/107-HR-1341/)
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