S 1303 · 106th Congress · Taxation
Reforestation Tax Act of 1999
Bill Progress
✓
Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Read twice and referred to the Committee on Finance.(1999-06-29)
Plain Language Summary
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Reforestation Tax Act of 1999 - 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. Decreases the amortization period for reforestation expenditures.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (18)
6 Democrats12 Republicans