HR 721 · 110th Congress · Taxation
Timber Tax Act of 2007
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(2007-01-30)
Plain Language Summary
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Timber Tax Act of 2007 - Amends the Internal Revenue Code to allow a tax deduction (available to taxpayers whether or not they itemize deductions) for up to 60% of gains from certain sales or exchanges of timber.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (20)
7 Democrats13 Republicans