US HB3302 | 2009-2010 | 111th Congress
Status
Spectrum: Moderate Partisan Bill (Democrat 4-1)
Status: Introduced on July 22 2009 - 25% progression, died in committee
Action: 2009-07-22 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on July 22 2009 - 25% progression, died in committee
Action: 2009-07-22 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Community Forestry Conservation Act of 2009 - Provides for the treatment of qualified forest conservation bonds as tax-exempt facility bonds under the Internal Revenue Code. Defines "qualified forest conservation bonds" as bonds issued for certain forestry organizations within 48 months after the enactment of this Act. Requires 95 percent or more of the net proceeds of such bonds to be used for specified forestry project costs, including the acquisition of forest lands subject to a conservation restriction. Exempts from income tax income, gains, and other tax incidents generated by certain harvesting activity on forest lands purchased with qualified forest conservation bonds.
Title
Community Forestry Conservation Act of 2009
Sponsors
Rep. Earl Blumenauer [D-OR] | Rep. Jay Inslee [D-WA] | Rep. Jim McDermott [D-WA] | Rep. David Reichert [R-WA] |
Rep. Mike Thompson [D-CA] |
History
Date | Chamber | Action |
---|---|---|
2009-07-22 | Referred to the House Committee on Ways and Means. |
Same As/Similar To
SB1501 (Same As) 2009-07-22 - Read twice and referred to the Committee on Finance.
Subjects
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/111th-congress/house-bill/3302/all-info |
Text | https://www.congress.gov/111/bills/hr3302/BILLS-111hr3302ih.pdf |