H.R.1937 - Timber Revitalization and Economic Enhancement (TREE) Act of 2007

To amend the Internal Revenue Code of 1986 to allow a deduction for qualified timber gains and to modernize certain provisions applicable to timber real estate investment trusts. view all titles (2)

All Bill Titles

  • Official: To amend the Internal Revenue Code of 1986 to allow a deduction for qualified timber gains and to modernize certain provisions applicable to timber real estate investment trusts. as introduced.
  • Short: Timber Revitalization and Economic Enhancement (TREE) Act of 2007 as introduced.

This Bill currently has no wiki content. If you would like to create a wiki entry for this bill, please Login, and then select the wiki tab to create it.

Bill's Views

  • Today: 1
  • Past Seven Days: 2
  • All-Time: 1,333
 
Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
04/18/07
 
 
 
 
 
 
 

Sponsor

View Co-Sponsors (122)

Official Summary

4/19/2007--Introduced.Timber Revitalization and Economic Enhancement (TREE) Act of 2007 - Amends the Internal Revenue Code to: (1) allow a tax deduction for 60% of qualified timber gains; (2) exempt deductible timber gains from the excise tax on the undistributed income of real estate inve

Official Summary

4/19/2007--Introduced.
Timber Revitalization and Economic Enhancement (TREE) Act of 2007 - Amends the Internal Revenue Code to:
(1) allow a tax deduction for 60% of qualified timber gains;
(2) exempt deductible timber gains from the excise tax on the undistributed income of real estate investment trusts (REITs);
(3) provide for the treatment of timber gains as qualifying REIT income and for mineral royalty income as qualifying income for timber REITs; and
(4) provide special rules relating to income limitations and prohibited transactions for timber REITs.


...Read the Rest




Vote on This Bill

-% Users Support Bill

0 in favor / 0 opposed
 

Send Your Rep a Letter

about this bill Support Oppose Tracking
Track with MyOC
Save to Notebook Make A Bill Widget

OpenCongress is a free and open-source project of the Participatory Politics Foundation, a 501(c)3 non-profit organization with a mission to increase civic engagement. The non-profit Sunlight Foundation is the Founding and Primary Supporter of OpenCongress.