S. 1791 · 109th Congress
Timber Tax Act of 2005
- Stage
- In committee
- Sponsor
- Gordon Smith
- Introduced
- 2005-09-29
- Latest action
- 2005-09-29 · Introduced in Senate
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.