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    <number>3346</number>
    <updateDate>2023-01-15T07:47:46Z</updateDate>
    <updateDateIncludingText>2023-01-15T07:47:46Z</updateDateIncludingText>
    <originChamber>House</originChamber>
    <originChamberCode>H</originChamberCode>
    <type>HR</type>
    <introducedDate>2003-10-20</introducedDate>
    <congress>108</congress>
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        <name>Ways and Means Committee</name>
        <chamber>House</chamber>
        <type>Standing</type>
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            <name>Referred to</name>
            <date>2003-10-20T16:30:35Z</date>
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      <item>
        <actionDate>2003-10-20</actionDate>
        <text>Referred to the House Committee on Ways and Means.</text>
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            <name>Ways and Means Committee</name>
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      </item>
      <item>
        <actionDate>2003-10-20</actionDate>
        <text>Sponsor introductory remarks on measure. (CR E2093)</text>
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        <actionCode>B00100</actionCode>
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          <name>Library of Congress</name>
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        <actionDate>2003-10-20</actionDate>
        <text>Introduced in House</text>
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        <actionDate>2003-10-20</actionDate>
        <text>Introduced in House</text>
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    <sponsors>
      <item>
        <bioguideId>H000528</bioguideId>
        <fullName>Rep. Herger, Wally [R-CA-2]</fullName>
        <firstName>WALLY</firstName>
        <lastName>HERGER</lastName>
        <party>R</party>
        <state>CA</state>
        <district>2</district>
        <isByRequest>N</isByRequest>
      </item>
    </sponsors>
    <policyArea>
      <name>Taxation</name>
    </policyArea>
    <subjects>
      <legislativeSubjects>
        <item>
          <name>Accounting</name>
        </item>
        <item>
          <name>Close corporations</name>
        </item>
        <item>
          <name>Commerce</name>
        </item>
        <item>
          <name>Finance and Financial Sector</name>
        </item>
        <item>
          <name>Income tax</name>
        </item>
        <item>
          <name>Losses</name>
        </item>
        <item>
          <name>Lumber trade</name>
        </item>
        <item>
          <name>Public Lands and Natural Resources</name>
        </item>
        <item>
          <name>Tax credits</name>
        </item>
        <item>
          <name>Tax deductions</name>
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      <policyArea>
        <name>Taxation</name>
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        <versionCode>00</versionCode>
        <actionDate>2003-10-20</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2003-11-06T21:28:38Z</updateDate>
        <text><![CDATA[ <p>Timber Tax Fairness Act of 2003 - Amends the Internal Revenue Code to modify the application of the passive loss limitations to timber activities by establishing a special rule for closely held timber activities.</p>]]></text>
      </summary>
    </summaries>
    <title>Timber Tax Fairness Act of 2003</title>
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      <item>
        <titleType>Display Title</titleType>
        <title>Timber Tax Fairness Act of 2003</title>
      </item>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>To amend the Internal Revenue Code of 1986 to modify the application of the passive loss limitations to timber activities.</title>
        <billTextVersionName>Introduced in House</billTextVersionName>
        <billTextVersionCode>IH</billTextVersionCode>
      </item>
      <item>
        <titleType>Short Titles as Introduced</titleType>
        <title>Timber Tax Fairness Act of 2003</title>
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    <textVersions>
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        <type>Introduced in House</type>
        <date>2003-10-20T04:00:00Z</date>
        <formats/>
      </item>
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    <latestAction>
      <actionDate>2003-10-20</actionDate>
      <text>Referred to the House Committee on Ways and Means.</text>
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    <dc:language>EN</dc:language>
    <dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.</dc:description>
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