H.R.1310: Reforestation Tax Act of 2003

About This Bill

Bill Cosponsors

109 (29 Democrats, 81 Republicans)

Bill Summary

Reforestation Tax Act of 2003 - Amends the Internal Revenue Code to allow a deduction to a taxpayer who has a qualified timber gain in an amount equal to the qualified percentage of such gain. Allows a deduction, for qualified timber property, for reforestation expenditures and terminates current provisions allowing for the amortization of such expenditures.

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on Ways and Means.
March 18, 2003

Introduced in the House by Jennifer B. Dunn (R-Wash.)

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