S. 1002 — Reforestation Tax Act of 2001

Summary

Reforestation Tax Act of 2001 - 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

2001-06-07
Introduced in Senate
2001-06-07
Sponsor introductory remarks on measure. (CR S5981-5982)
2001-06-07
Read twice and referred to the Committee on Finance.

Reforestation Tax Act of 2001

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Summary

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