Forest Management and Conservation Incentive Tax Act of 1990

[AI summary unavailable — showing source text] Forest Management and Conservation Incentive Tax Act of 1990 - Amends the Internal Revenue Code to reduce the capital gains tax on mature timber or timber that is not unprocessed exported timber. Allows a general business credit to qualified small timber holders for ten percent of qualified forest management expenditures. Provides for the treatment of timber property under passive loss rules.…