H.R.4168 - To amend the Internal Revenue Code of 1986 to deny any deduction for expenses in connection with the cutting of old-growth redwood timber which is a nonrenewable resource and to impose an excise tax on the cutting of such timber.101st Congress (1989-1990)
|Sponsor:||Rep. Stark, Fortney Pete [D-CA-9] (Introduced 03/01/1990)|
|Committees:||House - Ways and Means|
|Latest Action:||House - 03/01/1990 Referred to the House Committee on Ways and Means. (All Actions)|
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Summary: H.R.4168 — 101st Congress (1989-1990)All Information (Except Text)
Introduced in House (03/01/1990)
Amends the Internal Revenue Code to deny an income tax deduction for expenses in connection with: (1) the cutting of old-growth redwood timber; or (2) the transportation of such timber in its unprocessed state.
Imposes an excise tax on the cutting of any old-growth redwood timber, to be paid by the holder of the economic interest in the timber.