S. 15 (111th): Global Forest Restoration Investment Tax Credit Act

Introduced:
Sep 29, 2010 (111th Congress, 2009–2010)
Sponsor:
Sen. Samuel “Sam” Brownback [R-KS]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. S. stands for Senate bill.

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Status

This bill was introduced on September 29, 2010, in a previous session of Congress, but was not enacted.

Progress
Introduced Sep 29, 2010
Referred to Committee Sep 29, 2010
Cosponsors
none
Committees

Senate Finance

The committee chair determines whether a bill will move past the committee stage.

Full Title

A bill to amend the Internal Revenue Code of 1986 to provide a carbon sequestration investment tax credit, and for other purposes.

Summary

No summaries available.

Text

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Last updated Sep 29, 2010.
10 pages

Primary Source

View on THOMAS (The Library of Congress)

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Citation

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

9/29/2010--Introduced.
Global Forest Restoration Investment Tax Credit Act - Amends the Internal Revenue Code to: (1) allow a business-related tax credit for investment in a carbon sequestration project approved under the International Carbon Conservation Act; and (2) extend through 2011 the taxpayer election to deduct dividends received from a controlled foreign corporation.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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