HR 4330 · 105th Congress · Taxation
Christmas Tree Tax Equity Act
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(1998-07-24)
Plain Language Summary
[AI summary unavailable — showing source text]
Christmas Tree Tax Equity Act - Amends the Internal Revenue Code to make cut evergreens used for ornamental purposes that are older than four (currently six) years eligible for election as section 1231 business property and capital gains treatment. Exempts such trees older than four (currently six) years from uniform capitalization rules.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (5)
1 Democrat4 Republicans