HR 1422 110th Congress House Taxation Agricultural conservation Agriculture and Food Animals Congress Congressional investigations Congressional reporting requirements Conservation easements Economics and Public Finance Endangered species Environmental Protection Grants-in-aid Habitat conservation Income tax Public Lands and Natural Resources Restoration ecology Tax credits Tax deductions Tax exclusion Wildlife conservation

Endangered Species Recovery Act of 2007

Introduced: March 8, 2007 Introduced by: Thompson, Mike Democratic · California 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 8, 2007

Referred to the House Committee on Ways and Means.

Mar 8, 2007

Introduced in House

Plain-English summary Congressional Research Service

Endangered Species Recovery Act of 2007- Amends the Internal Revenue Code to allow certain landowners whose property contains the habitat of an endangered or threatened species and who enter into a habitat protection agreement a tax credit for costs relating to habitat protection easements and restoration. Places limits on the amount of such credit for calendar years 2008, 2009, 2010, 2011, and 2012. Directs the Comptroller General of the United States to study and report to Congress on the effectiveness of such credit.

Allows a tax deduction for expenditures related to recovery plans approved by the Endangered Species Act of 1973.

Excludes from gross income certain payments under: (1) the Partners for Fish and Wildlife Program authorized by the Partners for Fish and Wildlife Act; and (2) the Landowner Incentive Program, the State Wildlife Grants Program, and the Private Stewardship Grants Program authorized by the Fish and Wildlife Act of 1956.

What's happening now March 8, 2007

Referred to the House Committee on Ways and Means.

Committees of jurisdiction 1