H.R.6896: Timber Revitalization and Economic Enhancement Act II of 2008

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Bill Sponsor

Bill Summary

Timber Revitalization and Economic Enhancement Act II of 2008 - 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.

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on Ways and Means.
Sept. 15, 2008

Introduced in the House by Artur Davis (D-Ala.)

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