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- S.316
S.316: Timber Revitalization and Economic Enhancement Act II of 2009
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about taxation
- Introduced Jan. 26, 2009
- Latest Major Action Jan. 26, 2009
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
14 (5 Democrats, 10 Republicans)
Bill Summary
Timber Revitalization and Economic Enhancement Act II of 2009 - 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)
What Lawmakers Are Saying About This Bill
Bill Actions
Date | Description |
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Sponsor introductory remarks on measure.
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Read twice and referred to the Committee on Finance.
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Jan. 26, 2009 |
Introduced in the Senate by Blanche Lincoln (D-Ark.) |