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United States · Bill · S

S. 402 (110th)

Timber Tax Act of 2007

referredUnited States· United States Congress· EN

Introduced

25 January 2007

Last action

25 January 2007 · Introduced

Status

Read twice and referred to the Committee on Finance.

Sponsors

Sen. Lincoln, Blanche L. [D-AR], Sen. Smith, Gordon H. [R-OR], Rep. Lott, Trent [R-MS-5], John Cornyn, Sen. Pryor, Mark L. [D-AR], Sen. Hutchison, Kay Bailey [R-TX], Patty Murray, Sen. Dole, Elizabeth [R-NC], Maria Cantwell, Sen. Burr, Richard [R-NC], Sen. Shelby, Richard C. [D-AL], Rep. Cochran, Thad [R-MS-4], Sen. Vitter, David [R-LA], Sen. Landrieu, Mary L. [D-LA], Sen. DeMint, Jim [R-SC], Rep. Inhofe, James M. [R-OK-1], Rep. Bunning, Jim [R-KY-4], Sen. Coburn, Tom [R-OK], Sen. Sessions, Jeff [R-AL], Sen. Graham, Lindsey [R-SC], Sen. Enzi, Michael B. [R-WY], Ron Wyden, Sen. Alexander, Lamar [R-TN]

Subjects

Taxation

Source updated

5 December 2025

Taxation

Official sourceDownload fileView documentsShare

Summary

Timber Tax Act of 2007 - Amends the Internal Revenue Code to allow a tax deduction (available to taxpayers whether or not they itemize deductions) for up to 60% of gains from certain sales or exchanges of timber.

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

Timeline

  1. 25 January 2007

    Introduced

    Read twice and referred to the Committee on Finance.

    Source: IntroReferral

  2. 25 January 2007

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Sponsors

Related records

Sources

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