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S.1791 - Timber Tax Act of 2005109th Congress (2005-2006)

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Sponsor: Sen. Smith, Gordon H. [R-OR] (Introduced 09/29/2005)
Committees: Senate - Finance
Latest Action: Senate - 09/29/2005 Read twice and referred to the Committee on Finance.  (All Actions)

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This bill has the status Introduced

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Summary: S.1791 — 109th Congress (2005-2006)All Information (Except Text)

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Introduced in Senate (09/29/2005)

Timber Tax Act of 2005 - 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.