S. 402 · 110th Congress
Timber Tax Act of 2007
- Stage
- In committee
- Sponsor
- Blanche Lincoln
- Introduced
- 2007-01-25
- Latest action
- 2007-01-25 · Introduced in Senate
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.