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S 700 110th Congress Senate 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: February 28, 2007 Introduced by: Crapo, Mike Republican · Idaho See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 28, 2007
Read twice and referred to the Committee on Finance.
Feb 28, 2007
Sponsor introductory remarks on measure. (CR S2357-2358)
Feb 28, 2007
Introduced in Senate
 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 February 28, 2007

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Republican 3