S 3399 · 110th Congress · Taxation

Timber Revitalization and Economic Enhancement Act II of 2008

Introduced 2008-07-31· Sponsored by Sen. Lincoln, Blanche L. [D-AR]· Senate

Bill Progress

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Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance.(2008-07-31)

Plain Language Summary

[AI summary unavailable — showing source text] Timber Revitalization and Economic Enhancement Act II of 2008 - Amends the Internal Revenue Code to make permanent: (1) the reduction in the rate of tax on the net timber gain of corporations; and (2) rules for the treatment of timber real estate investment trust (REIT) gains, mineral royalty income, and prohibited transactions.…

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

Cosponsors (12)

4 Democrats8 Republicans
Sen. Smith, Gordon H. [R-OR]OR
Sen. Cantwell, Maria [D-WA]WA
Sen. Cornyn, John [R-TX]TX
Sen. Murray, Patty [D-WA]WA
Sen. Dole, Elizabeth [R-NC]NC
Sen. Landrieu, Mary L. [D-LA]LA
Sen. Chambliss, Saxby [R-GA]GA
Sen. Wicker, Roger F. [R-MS]MS
Sen. Vitter, David [R-LA]LA
Sen. Pryor, Mark L. [D-AR]AR
Sen. Alexander, Lamar [R-TN]TN
Sen. Isakson, Johnny [R-GA]GA