Summary: S.316 — 111th Congress (2009-2010)All Information (Except Text)

There is one summary for S.316. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (01/26/2009)

Timber Revitalization and Economic Enhancement Act II of 2009 - 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.