To delay the application of the substantiation requirements to reimbursement arrangements of certain loggers.

Summary

Requires, for any taxable year beginning before January 1, 1993, treating a timber industry arrangement under which up to 25 percent of a logger's compensation is treated as reimbursement for the use of the logger's chain saw as an accountable plan for purposes of Internal Revenue Code provisions relating to deductions from gross income. Makes payments under such an arrangement deductible from gross income. Waives, for one year after enactment of this Act, any law or rule of law (including res judicata) that would have prevented the application of this Act.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 5 June 1997

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• Introduced in House (PDF)

  Introduced in House · EN · 5 June 1997

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• Introduced in House

  summary · EN · 5 June 1997

  Open at official source

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