S 2504 · 96th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to provide that certain evergreen trees more than three years old will be treated as timber.

Introduced 1980-04-01· Sponsored by Sen. Long, Russell B. [D-LA]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Finance.(1980-04-01)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to provide that evergreen trees more than three years old (currently six years) will be treated as timber for purposes of tax rules relating to capital gains treatment of cut timber.…

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