IN THE SENATE OF THE UNITED STATES
March 2, 2017
Mr. Boozman (for himself, Mr. Brown, Mr. Cochran, Mr. Cotton, Mr. Isakson, and Mr. Wicker) introduced the following bill; which was read twice and referred to the Committee on Finance
To amend the Internal Revenue Code of 1986 to make permanent certain provisions of the Heartland, Habitat, Harvest, and Horticulture Act of 2008 relating to timber.
This Act may be cited as the
Timber Revitalization and Economic Enhancement Act of 2017.
Treatment of timber gains
Paragraph (1) of section 1201(b) of the Internal Revenue Code of 1986 is amended by striking
beginning in and inserting
The amendments made by this section shall apply to taxable years beginning after December 31, 2016.