H.R. 721 · 110th Congress
Timber Tax Act of 2007
- Stage
- In committee
- Sponsor
- Artur Davis
- Introduced
- 2007-01-30
- Latest action
- 2007-01-30 · Introduced in House
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.