S 402 · 110th Congress · Taxation

Timber Tax Act of 2007

Introduced 2007-01-25· Sponsored by Sen. Lincoln, Blanche L. [D-AR]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance.(2007-01-25)

Plain Language Summary

[AI summary unavailable — showing source text] 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)

4 Democrats16 Republicans
Sen. Smith, Gordon H. [R-OR]OR
Sen. Lott, Trent [R-MS]MS
Sen. Cornyn, John [R-TX]TX
Sen. Pryor, Mark L. [D-AR]AR
Sen. Hutchison, Kay Bailey [R-TX]TX
Sen. Murray, Patty [D-WA]WA
Sen. Dole, Elizabeth [R-NC]NC
Sen. Cantwell, Maria [D-WA]WA
Sen. Burr, Richard [R-NC]NC
Sen. Shelby, Richard C. [R-AL]AL
Sen. Cochran, Thad [R-MS]MS
Sen. Vitter, David [R-LA]LA
Sen. Landrieu, Mary L. [D-LA]LA
Sen. DeMint, Jim [R-SC]SC
Sen. Inhofe, James M. [R-OK]OK
Sen. Bunning, Jim [R-KY]KY
Sen. Coburn, Tom [R-OK]OK
Sen. Sessions, Jeff [R-AL]AL
Sen. Graham, Lindsey [R-SC]SC
Sen. Enzi, Michael B. [R-WY]WY