S 316
111th Congress
Senate
Taxation
Capital gains tax
Energy revenues and royalties
Forests, forestry, trees
Income tax rates
Mining
Real estate business
Timber Revitalization and Economic Enhancement Act II of 2009
Introduced: January 26, 2009
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 26, 2009
Read twice and referred to the Committee on Finance.
Jan 26, 2009
Sponsor introductory remarks on measure. (CR S834)
Jan 26, 2009
Introduced in Senate
Plain-English summary
Timber Revitalization and Economic Enhancement Act II of 2009 - 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