S. 1791 (109th): Timber Tax Act of 2005

Introduced:
Sep 29, 2005 (109th Congress, 2005–2006)
Status:
Died (Referred to Committee)
Sponsor
Gordon Smith
Senator from Oregon
Party
Republican
Text
Read Text »
Last Updated
Sep 29, 2005
Length
7 pages
Related Bills
H.R. 3883 (identical)

Referred to Committee
Last Action: Sep 22, 2005

H.R. 5970 (Related)
Estate Tax and Extension of Tax Relief Act of 2006

Failed Cloture
Last Action: Aug 03, 2006

 
Status

This bill was introduced on September 29, 2005, in a previous session of Congress, but was not enacted.

Progress
Introduced Sep 29, 2005
Referred to Committee Sep 29, 2005
 
Full Title

A bill to amend the Internal Revenue Code of 1986 to allow a deduction for qualified timber gains.

Summary

No summaries available.

Cosponsors
31 cosponsors (26R, 5D) (show)
Committees

Senate Finance

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

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

S. stands for Senate bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

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


9/29/2005--Introduced.
Timber Tax Act of 2005 - Amends the Internal Revenue Code to allow a tax deduction (available to taxpayers whether or not they itemize deductions) for up to 60% of gains from certain sales or exchanges of timber.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

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So, yes, we display the House Republican Conference’s summaries when available even if we do not have a Democratic summary available. That’s because we feel it is better to give you as much information as possible, even if we cannot provide every viewpoint.

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