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HR 721 110th Congress House

Timber Tax Act of 2007

Official title: To amend the Internal Revenue Code of 1986 to allow a deduction for qualified timber gains.

Introduced: January 30, 2007 See on congress.gov
Taxation Capital gains taxCommerceCorporation taxesIncome tax
More subjectsShow fewer subjects
Lumber tradePublic Lands and Natural ResourcesTax deductionsTimber 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
Jan 30, 2007
Referred to the House Committee on Ways and Means.
Jan 30, 2007
Introduced in House
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 Latest action January 30, 2007

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Timber Tax Act of 2007 - 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.

 Related & companion bills 2
  • HR 1937 Related bill Timber Revitalization and Economic Enhancement (TREE) Act of 2007
  • S 402 Identical bill Timber Tax Act of 2007
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 23
All 23 Democratic 5 Republican 18
R
Cole, Tom
Oklahoma · Mar 14, 2007
 R
Issa, Darrell
California · Mar 14, 2007
 R
Calvert, Ken
California · Feb 15, 2007
 R
Capito, Shelley Moore
West Virginia · Feb 8, 2007
 R
Carter, John R.
Texas · Feb 8, 2007
 R
Rogers, Mike D.
Alabama · Feb 8, 2007
 R
Wicker, Roger F.
Mississippi · Feb 8, 2007
 R
Blackburn, Marsha
Tennessee · Feb 6, 2007
 R
Graves, Sam
Missouri · Feb 6, 2007
 R
Lucas, Frank D.
Oklahoma · Feb 6, 2007
 R
McCaul, Michael T.
Texas · Feb 6, 2007
 R
Rogers, Harold
Kentucky · Feb 6, 2007
 R
Aderholt, Robert B.
Alabama · Jan 30, 2007
 D
Bishop, Sanford D.
Georgia · Jan 30, 2007
 R
Boozman, John
Arkansas · Jan 30, 2007
 D
Cuellar, Henry
Texas · Jan 30, 2007
 R
Foxx, Virginia
North Carolina · Jan 30, 2007
 D
Larsen, Rick
Washington · Jan 30, 2007
 R
Sessions, Pete
Texas · Jan 30, 2007
 R
Simpson, Michael K.
Idaho · Jan 30, 2007
 D
Smith, Adam
Washington · Jan 30, 2007
 D
Thompson, Bennie G.
Mississippi · Jan 30, 2007
 R
Wilson, Joe
South Carolina · Jan 30, 2007
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 721: Timber Tax Act of 2007. 110th Congress. Open America. https://openamerica.io/bill/110-HR-721/
MLA
"H.R. 721: Timber Tax Act of 2007." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-HR-721/.
Bluebook (legal)
H.R. 721, 110th Cong. (2026), https://openamerica.io/bill/110-HR-721/.
Markdown link
[H.R. 721: Timber Tax Act of 2007](https://openamerica.io/bill/110-HR-721/)
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