HR 3883
109th Congress
House
Taxation
Capital gains tax
Commerce
Corporation taxes
Income tax
Lumber trade
Public Lands and Natural Resources
Tax deductions
Timber sales
Timber Tax Act of 2005
Introduced: September 22, 2005
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 22, 2005
Referred to the House Committee on Ways and Means.
Sep 22, 2005
Introduced in House
Plain-English summary
Timber Tax Act of 2005 - Amends the Internal Revenue Code to allow a tax deduction (available to taxpayers whether or not they itemize deductions) for up to 60% of gains from certain sales or exchanges of timber.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1