S 2178
114th Congress
Senate
Taxation
Capital gains tax
Forests, forestry, trees
Income tax rates
Timber Revitalization and Economic Enhancement Act of 2015
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 8, 2015
Read twice and referred to the Committee on Finance.
Oct 8, 2015
Introduced in Senate
Plain-English summary
Timber Revitalization and Economic Enhancement Act of 2015
This bill amends the Internal Revenue Code, with respect to the reduced tax rate on the net timber gains of corporations, to: (1) adjust the formula for calculating such rate, and (2) make such reduced rate permanent.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1