Official Summary

4/22/2008--Introduced.Combating Climate Change Through Individual Action Act of 2008 - Amends the Internal Revenue Code to allow tax credits for: (1) 30% of carbon sequestration and soil conservation expenditures made by taxpayers engaged in the business of farming; (2) 10% of qualifying p

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Official Summary

4/22/2008--Introduced.
Combating Climate Change Through Individual Action Act of 2008 - Amends the Internal Revenue Code to allow tax credits for:
(1) 30% of carbon sequestration and soil conservation expenditures made by taxpayers engaged in the business of farming;
(2) 10% of qualifying planting expenditures, including expenditures for the purchase and planting of any tree, plant, shrub, or bush, and the purchase and installation of a vegetated roof system;
(3) the conversion of cropland to pasture for grazing purposes or to grassland or rangeland; and
(4) certain types of reforestation and afforestation of land.


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