Forest Management and Conservation Incentive Tax Act of 1990 - Amends the Internal Revenue Code to reduce the capital gains tax on mature timber or timber that is not unprocessed exported timber.
Allows a general business credit to qualified small timber holders for ten percent of qualified forest management expenditures.
Provides for the treatment of timber property under passive loss rules.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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