S 1952
110th Congress
Senate
Taxation
Animals
Bonds
Capital gains tax
Conservation easements
Environmental Protection
Finance and Financial Sector
Forest conservation
Forest ecology
Forest health
Habitat conservation
Income tax
Land transfers
Public Lands and Natural Resources
Tax credits
Tax deductions
Tax exclusion
Tax exemption
Timber sales
Community Forestry Conservation Act of 2007
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 2, 2007
Read twice and referred to the Committee on Finance.
Aug 2, 2007
Introduced in Senate
Plain-English summary
Community Forestry Conservation Act of 2007- Provides for the treatment of qualified forest conservation bonds as tax-exempt facility bonds under the Internal Revenue Code. Defines "qualified forest conservation bonds" as bonds issued for certain forestry organizations within 36 months after the enactment of this Act. Requires 95 percent or more of the net proceeds of such bonds to be used for specified forestry project costs, including the acquisition of forest lands subject to a conservation restriction.
Exempts from income tax income, gains, and other tax incidents generated by certain harvesting activity on forest lands purchased with qualified forest conservation bonds.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1
Cosponsors
1