Timber Revitalization and Economic Enhancement Act II of 2008
Last action on Sep 15, 2008Referred to the House Committee on Ways and Means.
Take Action
Summary
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.
Lifecycle of the Bill
No events recorded for this stage yet.
