To amend the Internal Revenue Code of 1986 to provide incentives for domestic timber production and manufacturing.
Domestic Timber Production and Manufacturing Incentives Act - Amends the Internal Revenue Code to provide taxpayers a deduction from gross income for qualified timber gain as an investment incentive. Allows such deduction in computing adjusted gross income.
Provides for applying passive loss limitations to timber activities.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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