Summary: H.R.6896 — 110th Congress (2007-2008)All Information (Except Text)

There is one summary for H.R.6896. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (09/15/2008)

Timber Revitalization and Economic Enhancement Act II of 2008 - Amends the Internal Revenue Code to make permanent: (1) the reduction in the rate of tax on the net timber gain of corporations; and (2) rules for the treatment of timber real estate investment trust (REIT) gains, mineral royalty income, and prohibited transactions.