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S 1381 108th Congress Senate Taxation Capital gains tax Commerce Corporation taxes Forest products Forestry Income tax Lumber trade Public Lands and Natural Resources Reforestation

Reforestation Tax Act of 2003

Introduced: July 9, 2003 See on congress.gov
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This bill died when the 108th Congress ended
It never became law before the 108th Congress (2003–2004) 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
Jul 9, 2003
Read twice and referred to the Committee on Finance.
Jul 9, 2003
Sponsor introductory remarks on measure. (CR S9122-9123)
Jul 9, 2003
Introduced in Senate
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 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. Provides for the application of passive activity loss limitations to timber activity of an individual who is a member of a closely held entity if management of such activity is less than 100 hours annually.
What's happening now July 9, 2003

Read twice and referred to the Committee on Finance.

 Related & companion bills 1
  • HR 1310 Related bill Reforestation Tax Act of 2003
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 5
All 5 Democratic 2 Republican 3
R
Graham, Lindsey
South Carolina · Apr 29, 2004
 D
Cantwell, Maria
Washington · Apr 1, 2004
 D
Murray, Patty
Washington · Sep 9, 2003
 R
Cornyn, John
Texas · Jul 29, 2003
 R
Collins, Susan M.
Maine · Jul 9, 2003
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1381: Reforestation Tax Act of 2003. 108th Congress. Open America. https://openamerica.io/bill/108-S-1381/
MLA
"S. 1381: Reforestation Tax Act of 2003." 108th Congress, 2026, Open America, https://openamerica.io/bill/108-S-1381/.
Bluebook (legal)
S. 1381, 108th Cong. (2026), https://openamerica.io/bill/108-S-1381/.
Markdown link
[S. 1381: Reforestation Tax Act of 2003](https://openamerica.io/bill/108-S-1381/)
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