U.S. Congress - S.2876 Wetlands Conservation Investment Act of 2009
S.2876 - Wetlands Conservation Investment Act of 2009
A bill to amend the Internal Revenue Code of 1986 to clarify the capital gain or loss treatment of the sale or exchange of mitigation credits earned by restoring wetlands, and for other purposes. view all titles (2)
All Bill Titles
- Official: A bill to amend the Internal Revenue Code of 1986 to clarify the capital gain or loss treatment of the sale or exchange of mitigation credits earned by restoring wetlands, and for other purposes. as introduced.
- Short: Wetlands Conservation Investment Act of 2009 as introduced.
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Official Summary
12/11/2009--Introduced.Wetlands Conservation Investment Act of 2009 - Amends the Internal Revenue Code to treat gain or loss from the sale or exchange of a mitigation bank credit by the sponsor of the mitigation bank (i.e., the wetland, stream, or other aquatic resource area that has beenOfficial Summary
12/11/2009--Introduced.Wetlands Conservation Investment Act of 2009 - Amends the Internal Revenue Code to treat gain or loss from the sale or exchange of a mitigation bank credit by the sponsor of the mitigation bank (i.e., the wetland, stream, or other aquatic resource area that has been restored, established, enhanced, or preserved for the purpose of providing compensation for unavoidable impacts to aquatic resources) who earned such credit as the sale or exchange of a capital asset held for more than one year (thus allowing preferential tax treatment of such gain or loss). Exempts from tax withholding requirements any gain from sales of mitigation bank credits....Read the Rest
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Recent Blog Coverage
WashingtonWatch.com - S. 2876, The Wetlands Conservation ...
US Congress: S. 2876, The Wetlands Conservation Investment Act of 2009.
WashingtonWatch.com - S. 2876, The Wetlands Conservation ...
US Congress: S. 2876, The Wetlands Conservation Investment Act of 2009.
WashingtonWatch.com - S. 2876, The Wetlands Conservation ...
US Congress: S. 2876, The Wetlands Conservation Investment Act of 2009.
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