US Congress Senate Bill 1105 (Prior Session Legislation)

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Spectrum: Moderate Partisan Bill (Democrat 4-1)
Status: Introduced on May 26 2011 - 25% progression, died in committee
Action: 2011-05-26 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Community Forestry Conservation Act of 2011 - 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.

Community Forestry Conservation Act of 2011

Sen. Patty Murray [D-WA]	Sen. Maria Cantwell [D-WA]	Sen. Mike Crapo [R-ID]	Sen. Jeff Merkley [D-OR]
Sen. Jeanne Shaheen [D-NH]

Date	Chamber	Action
2011-05-26	Senate	Read twice and referred to the Committee on Finance.

HB1982 (Same As) 2011-05-25 - Referred to the House Committee on Ways and Means.

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/senate-bill/1105/all-info
Text	https://www.congress.gov/112/bills/s1105/BILLS-112s1105is.pdf