S.1791: Timber Tax Act of 2005

About This Bill

Bill Summary

Timber Tax Act of 2005 - Amends the Internal Revenue Code to allow a tax deduction (available to taxpayers whether or not they itemize deductions) for up to 60% of gains from certain sales or exchanges of timber.

(Source: Library of Congress)

Bill Actions

Date Description
Read twice and referred to the Committee on Finance.
Sept. 29, 2005

Introduced in the Senate by Gordon Harold Smith (R-Ore.)

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