H.R. 6896 · 110th Congress
Timber Revitalization and Economic Enhancement Act II of 2008
- Stage
- In committee
- Sponsor
- Artur Davis
- Introduced
- 2008-09-15
- Latest action
- 2008-09-15 · Introduced in House
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.