Community Forestry and Agriculture Conservation Act of 2001
Last action on May 3, 2001Referred to the House Committee on Ways and Means.
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Summary
Community Forestry and Agriculture Conservation Act of 2001 - Amends the Internal Revenue Code to treat a bond issued to acquire land together with any renewable resources associated with the land on land subject to a conservation restriction as a tax-exempt (qualified 501(c)(3)) bond if the revenues from are used in a manner consistent with the charitable purpose.
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