HR 1744 · 101th Congress · Taxation

To amend the Internal Revenue Code of 1986 to restore a preferential capital gains rate for timber.

Introduced 1989-04-06· Sponsored by Rep. Williams, Pat [D-MT-1]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1989-04-06)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to reduce the maximum rate of tax on net capital gains realized from timber from: (1) 34 percent to 28 percent with respect to corporations; and (2) 28 percent to 20 percent for individuals.…

Summarized by Claude AI · Non-partisan · For informational purposes only