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- H.R.721
H.R.721: Timber Tax Act of 2007
About This Bill
- This bill was introduced in the 110th Congress
- This bill is primarily about taxation
- Introduced Jan. 30, 2007
- Latest Major Action Jan. 30, 2007
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
105 (31 Democrats, 75 Republicans)
Bill Summary
Timber Tax Act of 2007 - 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 |
---|---|
Referred to the House Committee on Ways and Means.
|
|
Jan. 30, 2007 |
Introduced in the House by Artur Davis (D-Ala.) |