Summary: H.R.4330 — 105th Congress (1997-1998)All Information (Except Text)

There is one summary for H.R.4330. Bill summaries are authored by CRS.

Shown Here:
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.