H.R.4330 - Christmas Tree Tax Equity Act105th Congress (1997-1998)
|Sponsor:||Rep. Collins, Mac [R-GA-3] (Introduced 07/24/1998)|
|Committees:||House - Ways and Means|
|Latest Action:||07/24/1998 Referred to the House Committee on Ways and Means.|
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Summary: H.R.4330 — 105th Congress (1997-1998)All Bill Information (Except Text)
Introduced in House (07/24/1998)
Christmas Tree Tax Equity Act - Amends the Internal Revenue Code to make cut evergreens used for ornamental purposes that are older than four (currently six) years eligible for election as section 1231 business property and capital gains treatment.
Exempts such trees older than four (currently six) years from uniform capitalization rules.