S 15 · 111th Congress · Taxation

Global Forest Restoration Investment Tax Credit Act

Introduced 2010-09-29· Sponsored by Sen. Brownback, Sam [R-KS]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance.(2010-09-29)

Plain Language Summary

[AI summary unavailable — showing source text] Global Forest Restoration Investment Tax Credit Act - Amends the Internal Revenue Code to: (1) allow a business-related tax credit for investment in a carbon sequestration project approved under the International Carbon Conservation Act; and (2) extend through 2011 the taxpayer election to deduct dividends received from a controlled foreign corporation.…

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