HR 1982
112th Congress
House
Taxation
Forests, forestry, trees
Income tax exclusion
Land transfers
Land use and conservation
Securities
Community Forestry Conservation Act of 2011
Introduced: May 25, 2011
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 25, 2011
Referred to the House Committee on Ways and Means.
May 25, 2011
Introduced in House
Plain-English summary
Community Forestry Conservation Act of 2011 - 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 48 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
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1