Skip to content
PoliticalRepoPoliticalRepo

United States · Bill · S

S. 100 (96th)

A Bill to amend the Internal Revenue Code of 1954 to provide for a deduction for expenses incurred for reforestation, and for other purposes.

referredUnited States· United States Congress· EN

Introduced

18 January 1979

Last action

18 January 1979 · Introduced

Status

Referred to Senate Committee on Finance.

Sponsors

Sen. Packwood, Bob [R-OR], Sen. Durenberger, Dave [R-MN], Sen. Melcher, John [D-MT], Sen. Gravel, Mike [D-AK], Sen. Dole, Robert J. [R-KS], Sen. McClure, James A. [R-ID], Sen. Nelson, Gaylord [D-WI], Sen. Wallop, Malcolm [R-WY], Sen. Baucus, Max [D-MT], Sen. Moynihan, Daniel Patrick [D-NY], Sen. Heinz, John [R-PA], Sen. Talmadge, Herman E. [D-GA], Sen. Chafee, John H. [R-RI], Sen. Stevens, Ted [R-AK], Sen. Simpson, Alan K. [R-WY], Sen. Domenici, Pete V. [R-NM], Sen. Danforth, John C. [R-MO], Sen. Hatch, Orrin G. [R-UT], Sen. Garn, E. J. (Jake) [R-UT], Sen. Schmitt, Harrison H. [R-NM], Sen. Hayakawa, Samuel Ichiye [R-CA], Sen. Cranston, Alan [D-CA], Sen. Armstrong, William L. [R-CO], Sen. Hart, Gary W. [D-CO], Sen. Boschwitz, Rudy [R-MN], Sen. Laxalt, Paul D. [R-NV], Sen. Lugar, Richard G. [R-IN], Sen. Church, Frank [D-ID], Sen. Jackson, Henry M. [D-WA], Sen. Long, Russell B. [D-LA], Sen. Durkin, John A. [D-NH], Sen. Boren, David L. [D-OK], Sen. Cannon, Howard W. [D-NV], Sen. Cochran, Thad [R-MS], Sen. Hollings, Ernest F. [D-SC], Sen. Tower, John G. [R-TX], Sen. Mathias, Charles McC., Jr. [R-MD], Sen. Pryor, David H. [D-AR], Sen. Thurmond, Strom [R-SC], Sen. Helms, Jesse [R-NC], Sen. Stewart, Donald [D-AL]

Subjects

Taxation

Source updated

14 June 2021

Taxation

Official sourceView documentsShare

Summary

Amends the Internal Revenue Code to allow individual and corporate taxpayers to elect to treat certain reforestation expenditures as not chargeable to capital account in order to qualify them as an income tax deduction, limited to $10,000 annually. Denies such deduction for any amount reimbursed under specified Federal reforestation and timber stand improvement cost sharing programs. Establishes in the United States Treasury a Reforestation Trust Fund, whose moneys shall be paid to the Secretary of Agriculture in order to meet obligations incurred in eliminating and preventing a backlog in the reforestation of the National Forest System, but only to the extent such obligations exceed amounts appropriated under any other provision of law. Authorizes the annual appropriation of not to exceed $30,000,000 for such Fund.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 18 January 1979

    Introduced

    Introduced in Senate

    Source: IntroReferral

  2. 18 January 1979

    Introduced

    Referred to Senate Committee on Finance.

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

Leesvertaling

Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

Related records

No cross-record relationships stored yet.

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.