S. 1105 (112th): Community Forestry Conservation Act of 2011

Introduced:
May 26, 2011 (112th Congress, 2011–2013)
Sponsor:
Sen. Patty Murray [D-WA]
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 May 26, 2011, in a previous session of Congress, but was not enacted.

Progress
Introduced May 26, 2011
Referred to Committee May 26, 2011
Cosponsors
4 cosponsors (3D, 1R) (show)
Committees

Senate Finance

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

Full Title

A bill to provide a Federal tax exemption for forest conservation bonds, and for other purposes.

Summary

No summaries available.

Text

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Last updated May 26, 2011.
14 pages

Primary Source

View on THOMAS (The Library of Congress)

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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.

5/26/2011--Introduced.
Community Forestry Conservation Act of 2011 - Provides for the treatment of qualified forest conservation bonds as tax-exempt facility bonds under the Internal Revenue Code. Defines "qualified forest conservation bonds" as bonds issued for certain forestry organizations within 48 months after the enactment of this Act. Requires 95 percent or more of the net proceeds of such bonds to be used for specified forestry project costs, including the acquisition of forest lands subject to a conservation restriction.
Exempts from income tax income, gains, and other tax incidents generated by certain harvesting activity on forest lands purchased with qualified forest conservation bonds.

House Republican Conference Summary

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House Democratic Caucus Summary

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