S 1240 · 106th Congress · Taxation

A bill to amend the Internal Revenue Code of 1986 to provide a partial inflation adjustment for capital gains from the sale or exchange of timber.

Introduced 1999-06-17· Sponsored by Sen. Murkowski, Frank H. [R-AK]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance.(1999-06-17)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow a deduction to a taxpayer who has a qualified timber gain in an amount equal to the qualified percentage of such gain.…

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

Cosponsors (15)

4 Democrats11 Republicans
Sen. Breaux, John B. [D-LA]LA
Sen. Gorton, Slade [R-WA]WA
Sen. Cochran, Thad [R-MS]MS
Sen. Hutchinson, Tim [R-AR]AR
Sen. Collins, Susan M. [R-ME]ME
Sen. Lincoln, Blanche L. [D-AR]AR
Sen. Shelby, Richard C. [R-AL]AL
Sen. Snowe, Olympia J. [R-ME]ME
Sen. Murray, Patty [D-WA]WA
Sen. Sessions, Jeff [R-AL]AL
Sen. Smith, Gordon H. [R-OR]OR
Sen. Hutchison, Kay Bailey [R-TX]TX
Sen. Grams, Rod [R-MN]MN
Sen. Landrieu, Mary L. [D-LA]LA
Sen. Coverdell, Paul [R-GA]GA