Reforestation Tax Act of 2003

Summary

Reforestation Tax Act of 2003 - Amends the Internal Revenue Code to allow a deduction to a taxpayer who has a qualified timber gain in an amount equal to the qualified percentage of such gain. Allows a deduction, for qualified timber property, for reforestation expenditures and terminates current provisions allowing for the amortization of such expenditures. Provides for the application of passive activity loss limitations to timber activity of an individual who is a member of a closely held entity if management of such activity is less than 100 hours annually.

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Timeline

1. 9 July 2003

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 9 July 2003

   Introduced

   Sponsor introductory remarks on measure. (CR S9122-9123)

   Source: IntroReferral

3. 9 July 2003

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 9 July 2003 · Download file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 9 July 2003

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 9 July 2003

  ViewDownloadOpen at official source

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• Introduced in Senate

  summary · EN · 9 July 2003

  Open at official source

  Leesvertaling

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

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

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

Sponsors

• Sen. Snowe, Olympia J. [R-ME] · R · Sponsor
• Sen. Lincoln, Blanche L. [D-AR] · D · Sponsor
• Sen. Smith, Gordon H. [R-OR] · R · Sponsor
• Sen. Breaux, John B. [D-LA] · D · Sponsor
• Sen. Miller, Zell [D-GA] · D · Sponsor
• Sen. Chambliss, Saxby [R-GA] · R · Sponsor
• Sen. Pryor, Mark L. [D-AR] · D · Sponsor
• Sen. Collins, Susan M. [R-ME] · R · Sponsor
• Sen. Landrieu, Mary L. [D-LA] · D · Sponsor
• Sen. Shelby, Richard C. [R-AL] · R · Sponsor
• Sen. Craig, Larry E. [R-ID] · R · Sponsor
• Sen. Lugar, Richard G. [R-IN] · R · Cosponsor
• Sen. Cornyn, John [R-TX] · R · Cosponsor
• Sen. Murray, Patty [D-WA] · D · Cosponsor
• Sen. Cantwell, Maria [D-WA] · D · Cosponsor
• Sen. Graham, Lindsey [R-SC] · R · Cosponsor
• Sen. Cochran, Thad [R-MS] · R · Cosponsor
• Sen. Coleman, Norm [R-MN] · R · Cosponsor
• Sen. Sessions, Jeff [R-AL] · R · Cosponsor
• · ssfi00 · Standing

Related records

• related to → Reforestation Tax Act of 2003