A bill to change certain requirements applicable to purchasers of timber from national forests, and for other purposes.

[AI summary unavailable — showing source text] Title I: Requirements Applicable to Purchasers of National Forest Timber - Authorizes the Secretary of Agriculture to require a purchaser of national forest timber to perform work on the national forest land he has cut over, in lieu of depositing money to cover the costs of reforestation. Directs the Secretary to prescribe standards for determining whether the purchaser's reforestation work is sufficient to return the cut over area to a productive condition. Requires any such reforestation work to be completed within five years after the date of completion of the timber sale. Title II: Provisions to Encourage Domestic Softwood Log Processing - Amends the Internal Revenue Code to impose the regular corporate income tax rates on any income to a Domestic International Sales Corporation (DISC) including income distributed by such corporation as dividends, which is attributable to sales or exchanges of softwood logs which are exported (whether or not by such corporation). Exempts from such imposition of tax any taxpayer which in good faith accepts a certification from the person to whom the log is sold or exchanged that the log will not be exported. Establishes in the United States Trea…