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HR 1937 110th Congress House

Timber Revitalization and Economic Enhancement (TREE) Act of 2007

Official title: To amend the Internal Revenue Code of 1986 to allow a deduction for qualified timber gains and to modernize certain provisions applicable to timber real estate investment trusts.

Introduced: June 21, 2007 See on congress.gov
Taxation Capital gains taxCommerceCorporation taxesExcise tax
More subjectsShow fewer subjects
Finance and Financial SectorIncome taxLumber tradeMining royaltiesPublic Lands and Natural ResourcesReal estate investmentTax deductionsTax exemptionTimber sales
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This bill died when the 110th Congress ended
It never became law before the 110th Congress (2007–2008) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 19, 2007
Referred to the House Committee on Ways and Means.
Apr 19, 2007
Introduced in House
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 Latest action April 19, 2007

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Timber Revitalization and Economic Enhancement (TREE) Act of 2007 - Amends the Internal Revenue Code to: (1) allow a tax deduction for 60% of qualified timber gains; (2) exempt deductible timber gains from the excise tax on the undistributed income of real estate investment trusts (REITs); (3) provide for the treatment of timber gains as qualifying REIT income and for mineral royalty income as qualifying income for timber REITs; and (4) provide special rules relating to income limitations and prohibited transactions for timber REITs.

 Related & companion bills 2
  • HR 721 Related bill Timber Tax Act of 2007
  • S 402 Related bill Timber Tax Act of 2007
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 26
All 26 Democratic 7 Republican 17
Sali, Bill
· Feb 25, 2008
 R
Lucas, Frank D.
Oklahoma · Feb 6, 2008
 R
Cole, Tom
Oklahoma · Oct 31, 2007
Davis, David
· Oct 31, 2007
 R
Blackburn, Marsha
Tennessee · Oct 30, 2007
 R
Rogers, Mike D.
Alabama · Aug 2, 2007
 R
Aderholt, Robert B.
Alabama · Jul 26, 2007
 D
Cuellar, Henry
Texas · Jul 26, 2007
 D
Thompson, Bennie G.
Mississippi · Jul 26, 2007
 R
Wilson, Joe
South Carolina · Jul 11, 2007
 R
Foxx, Virginia
North Carolina · Jun 28, 2007
 R
Calvert, Ken
California · Jun 21, 2007
 D
Cohen, Steve
Tennessee · Jun 21, 2007
 R
Sessions, Pete
Texas · Jun 21, 2007
 R
Capito, Shelley Moore
West Virginia · Jun 14, 2007
 D
Thompson, Mike
California · Jun 14, 2007
 R
Boozman, John
Arkansas · Jun 5, 2007
 R
Carter, John R.
Texas · Jun 5, 2007
 D
Bishop, Sanford D.
Georgia · May 24, 2007
 R
Graves, Sam
Missouri · May 24, 2007
 R
McCaul, Michael T.
Texas · May 21, 2007
 R
Rogers, Harold
Kentucky · May 21, 2007
 R
Issa, Darrell
California · May 7, 2007
 D
Larsen, Rick
Washington · May 7, 2007
 R
Simpson, Michael K.
Idaho · Apr 26, 2007
 D
Smith, Adam
Washington · Apr 26, 2007
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1937: Timber Revitalization and Economic Enhancement (TREE) Act of 2007. 110th Congress. Open America. https://openamerica.io/bill/110-HR-1937/
MLA
"H.R. 1937: Timber Revitalization and Economic Enhancement (TREE) Act of 2007." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-HR-1937/.
Bluebook (legal)
H.R. 1937, 110th Cong. (2026), https://openamerica.io/bill/110-HR-1937/.
Markdown link
[H.R. 1937: Timber Revitalization and Economic Enhancement (TREE) Act of 2007](https://openamerica.io/bill/110-HR-1937/)
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