S. 1303 — Reforestation Tax Act of 1999

Summary

Reforestation Tax Act of 1999 - Amends the Internal Revenue Code to allow a deduction to a taxpayer who has a qualified timber gain in an amount equal to the qualified percentage of such gain. Decreases the amortization period for reforestation expenditures.

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Legislative Actions

1999-06-29
Introduced in Senate
1999-06-29
Sponsor introductory remarks on measure. (CR S7826)
1999-06-29
Read twice and referred to the Committee on Finance.

Reforestation Tax Act of 1999

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Summary

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