S 3399
110th Congress
Senate
Taxation
Capital gains tax
Commerce
Corporation taxes
Finance and Financial Sector
Mining royalties
Public Lands and Natural Resources
Real estate investment
Tax rates
Timber sales
Timber Revitalization and Economic Enhancement Act II of 2008
Introduced: July 31, 2008
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 31, 2008
Read twice and referred to the Committee on Finance.
Jul 31, 2008
Sponsor introductory remarks on measure. (CR S7954-7955)
Jul 31, 2008
Introduced in Senate
Plain-English summary
Timber Revitalization and Economic Enhancement Act II of 2008 - Amends the Internal Revenue Code to make permanent: (1) the reduction in the rate of tax on the net timber gain of corporations; and (2) rules for the treatment of timber real estate investment trust (REIT) gains, mineral royalty income, and prohibited transactions.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1