H.R. 721 · 110th Congress · 2007–2008
Timber Tax Act of 2007
H.R. 721 in the 110th Congress (2007–2008) was introduced on Jan 30, 2007, sponsored by Artur Davis with 104 co-sponsors.
During the 110th Congress (2007–2008), George W. Bush was president, and Democrats held the House majority and Republicans the Senate majority.
- Status
- Introduced
- Introduced
- Jan 30, 2007
- Co-sponsors
- 104
- Policy area
- Taxation
What it does
Timber Tax Act of 2007 - Amends the Internal Revenue Code to allow a tax deduction (available to taxpayers whether or not they itemize deductions) for up to 60% of gains from certain sales or exchanges of timber.
Summary by the nonpartisan Congressional Research Service.
Sponsor
Artur Davis (D-AL). Co-sponsors: 30 Democrats, 74 Republicans.
Where it stands
- IntroducedJan 30, 2007
- Passed the House—
- Passed the Senate—
- Sent to the President—
- Became law—
Latest action: Referred to the House Committee on Ways and Means. (Jan 30, 2007)
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Committees
More
From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.
Cite or embed this page
Capitol Receipts, “H.R. 721 (110th Congress): Timber Tax Act of 2007,” https://www.capitolreceipts.com/bill/110-hr-721/timber-tax-act-of-2007 (accessed 2026-10-17).