HR 1310 108th Congress House Taxation Capital gains tax Commerce Depreciation and amortization Economics and Public Finance Environmental Protection Income tax Indexing (Economic policy) Lumber trade Public Lands and Natural Resources Reforestation Tax credits Tax deductions Timber sales

Reforestation Tax Act of 2003

Introduced: March 18, 2003 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 18, 2003

Referred to the House Committee on Ways and Means.

Mar 18, 2003

Introduced in House

Plain-English summary Congressional Research Service

Reforestation Tax Act of 2003 - Amends the Internal Revenue Code to allow a deduction to a taxpayer who has a qualified timber gain in an amount equal to the qualified percentage of such gain. Allows a deduction, for qualified timber property, for reforestation expenditures and terminates current provisions allowing for the amortization of such expenditures.

What's happening now March 18, 2003

Referred to the House Committee on Ways and Means.

Committees of jurisdiction 1