To amend the Internal Revenue Code of 1986 to deny any deduction for expenses in connection with the cutting of old-growth redwood timber and certain other redwood timber and to impose an excise tax on the cutting of such timber.

Summary

Amends the Internal Revenue Code to deny an income tax deduction for expenses in connection with the cutting of redwood timber if: (1) such timber is either old-growth redwood timber or disqualified securitized redwood timber; or (2) it is transported in an unprocessed state. Imposes an excise tax on the cutting of any taxable redwood timber, to be paid by the holder of the economic interest in the timber.

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3 official files

• Introduced in House (text)

  Introduced in House · EN · 18 March 1993

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• Introduced in House (PDF)

  Introduced in House · EN · 18 March 1993

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• Introduced in House

  summary · EN · 18 March 1993

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