To amend the Internal Revenue Code of 1986 to modify the application of the passive loss limitations to timber activities.
Timber Tax Fairness Act of 2003 - Amends the Internal Revenue Code to modify the application of the passive loss limitations to timber activities by establishing a special rule for closely held timber activities.
Introduced in House
Introduced in House
Sponsor introductory remarks on measure. (CR E2093)
Referred to the House Committee on Ways and Means.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line