Summary: H.R.1581 — 107th Congress (2001-2002)All Information (Except Text)

There is one summary for H.R.1581. Bill summaries are authored by CRS.

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Introduced in House (04/25/2001)

Reforestation Tax Act of 2001 - 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. Decreases the amortization period for reforestation expenditures.