Amends the Internal Revenue Code to provide that evergreen trees more than three years old (currently six years) will be treated as timber for purposes of tax rules relating to capital gains treatment of cut timber.
Referred to Senate Committee on Finance.
Introduced in House
Introduced in House
Referred to 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