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    <updateDate>2023-01-15T06:02:43Z</updateDate>
    <updateDateIncludingText>2023-01-15T06:02:43Z</updateDateIncludingText>
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    <introducedDate>2003-07-09</introducedDate>
    <congress>108</congress>
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            <name>Referred to</name>
            <date>2003-07-09T20:16:24Z</date>
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      <item>
        <title>Reforestation Tax Act of 2003</title>
        <congress>108</congress>
        <number>1310</number>
        <type>HR</type>
        <latestAction>
          <actionDate>2003-03-18</actionDate>
          <text>Referred to the House Committee on Ways and Means.</text>
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        <text>Read twice and referred to the Committee on Finance.</text>
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      <item>
        <actionDate>2003-07-09</actionDate>
        <text>Sponsor introductory remarks on measure. (CR S9122-9123)</text>
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        <text>Introduced in Senate</text>
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        <fullName>Sen. Snowe, Olympia J. [R-ME]</fullName>
        <firstName>Olympia</firstName>
        <lastName>Snowe</lastName>
        <party>R</party>
        <state>ME</state>
        <middleName>J.</middleName>
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        <fullName>Sen. Lincoln, Blanche L. [D-AR]</fullName>
        <firstName>BLANCHE</firstName>
        <lastName>LINCOLN</lastName>
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        <state>AR</state>
        <middleName>LAMBERT</middleName>
        <sponsorshipDate>2003-07-09</sponsorshipDate>
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      <item>
        <bioguideId>S001142</bioguideId>
        <fullName>Sen. Smith, Gordon H. [R-OR]</fullName>
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        <lastName>SMITH</lastName>
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        <middleName>H.</middleName>
        <sponsorshipDate>2003-07-09</sponsorshipDate>
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        <fullName>Sen. Breaux, John B. [D-LA]</fullName>
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        <middleName>BERLINGER</middleName>
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        <fullName>Sen. Miller, Zell [D-GA]</fullName>
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        <lastName>MILLER</lastName>
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        <sponsorshipDate>2003-07-09</sponsorshipDate>
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      <item>
        <bioguideId>C000286</bioguideId>
        <fullName>Sen. Chambliss, Saxby [R-GA]</fullName>
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        <state>GA</state>
        <sponsorshipDate>2003-07-09</sponsorshipDate>
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      <item>
        <bioguideId>P000590</bioguideId>
        <fullName>Sen. Pryor, Mark L. [D-AR]</fullName>
        <firstName>Mark</firstName>
        <lastName>Pryor</lastName>
        <party>D</party>
        <state>AR</state>
        <middleName>Lunsford</middleName>
        <sponsorshipDate>2003-07-09</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
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      <item>
        <bioguideId>C001035</bioguideId>
        <fullName>Sen. Collins, Susan M. [R-ME]</fullName>
        <firstName>Susan</firstName>
        <lastName>Collins</lastName>
        <party>R</party>
        <state>ME</state>
        <middleName>M.</middleName>
        <sponsorshipDate>2003-07-09</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
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      <item>
        <bioguideId>L000550</bioguideId>
        <fullName>Sen. Landrieu, Mary L. [D-LA]</fullName>
        <firstName>MARY</firstName>
        <lastName>LANDRIEU</lastName>
        <party>D</party>
        <state>LA</state>
        <sponsorshipDate>2003-07-09</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
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      <item>
        <bioguideId>S000320</bioguideId>
        <fullName>Sen. Shelby, Richard C. [R-AL]</fullName>
        <firstName>Richard</firstName>
        <lastName>Shelby</lastName>
        <party>R</party>
        <state>AL</state>
        <middleName>C.</middleName>
        <sponsorshipDate>2003-07-09</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
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      <item>
        <bioguideId>C000858</bioguideId>
        <fullName>Sen. Craig, Larry E. [R-ID]</fullName>
        <firstName>LARRY</firstName>
        <lastName>CRAIG</lastName>
        <party>R</party>
        <state>ID</state>
        <middleName>EDWIN</middleName>
        <sponsorshipDate>2003-07-09</sponsorshipDate>
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        <bioguideId>L000504</bioguideId>
        <fullName>Sen. Lugar, Richard G. [R-IN]</fullName>
        <firstName>RICHARD</firstName>
        <lastName>LUGAR</lastName>
        <party>R</party>
        <state>IN</state>
        <middleName>GREEN</middleName>
        <sponsorshipDate>2003-07-10</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>C001056</bioguideId>
        <fullName>Sen. Cornyn, John [R-TX]</fullName>
        <firstName>John</firstName>
        <lastName>Cornyn</lastName>
        <party>R</party>
        <state>TX</state>
        <sponsorshipDate>2003-07-29</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>M001111</bioguideId>
        <fullName>Sen. Murray, Patty [D-WA]</fullName>
        <firstName>Patty</firstName>
        <lastName>Murray</lastName>
        <party>D</party>
        <state>WA</state>
        <sponsorshipDate>2003-09-09</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>C000127</bioguideId>
        <fullName>Sen. Cantwell, Maria [D-WA]</fullName>
        <firstName>Maria</firstName>
        <lastName>Cantwell</lastName>
        <party>D</party>
        <state>WA</state>
        <sponsorshipDate>2004-04-01</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>G000359</bioguideId>
        <fullName>Sen. Graham, Lindsey [R-SC]</fullName>
        <firstName>Lindsey</firstName>
        <lastName>Graham</lastName>
        <party>R</party>
        <state>SC</state>
        <sponsorshipDate>2004-04-29</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>C000567</bioguideId>
        <fullName>Sen. Cochran, Thad [R-MS]</fullName>
        <firstName>Thad</firstName>
        <lastName>Cochran</lastName>
        <party>R</party>
        <state>MS</state>
        <sponsorshipDate>2004-05-03</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>C001057</bioguideId>
        <fullName>Sen. Coleman, Norm [R-MN]</fullName>
        <firstName>Norm</firstName>
        <lastName>Coleman</lastName>
        <party>R</party>
        <state>MN</state>
        <sponsorshipDate>2004-05-21</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>S001141</bioguideId>
        <fullName>Sen. Sessions, Jeff [R-AL]</fullName>
        <firstName>Jeff</firstName>
        <lastName>Sessions</lastName>
        <party>R</party>
        <state>AL</state>
        <sponsorshipDate>2004-09-20</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
    </cosponsors>
    <policyArea>
      <name>Taxation</name>
    </policyArea>
    <subjects>
      <legislativeSubjects>
        <item>
          <name>Capital gains tax</name>
        </item>
        <item>
          <name>Commerce</name>
        </item>
        <item>
          <name>Corporation taxes</name>
        </item>
        <item>
          <name>Forest products</name>
        </item>
        <item>
          <name>Forestry</name>
        </item>
        <item>
          <name>Income tax</name>
        </item>
        <item>
          <name>Lumber trade</name>
        </item>
        <item>
          <name>Public Lands and Natural Resources</name>
        </item>
        <item>
          <name>Reforestation</name>
        </item>
      </legislativeSubjects>
      <policyArea>
        <name>Taxation</name>
      </policyArea>
    </subjects>
    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2003-07-09</actionDate>
        <actionDesc>Introduced in Senate</actionDesc>
        <updateDate>2003-09-11T18:52:20Z</updateDate>
        <text><![CDATA[ Reforestation Tax Act of 2003 - Amends the Internal Revenue Code to allow a deduction to a taxpayer who has a qualified timber gain in an amount equal to the qualified percentage of such gain. Allows a deduction, for qualified timber property, for reforestation expenditures and terminates current provisions allowing for the amortization of such expenditures. Provides for the application of passive activity loss limitations to timber activity of an individual who is a member of a closely held entity if management of such activity is less than 100 hours annually.]]></text>
      </summary>
    </summaries>
    <title>Reforestation Tax Act of 2003</title>
    <titles>
      <item>
        <titleType>Display Title</titleType>
        <title>Reforestation Tax Act of 2003</title>
      </item>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>A bill to amend the Internal Revenue Code of 1986 to modify certain provisions relating to the treatment of forestry activities.</title>
        <billTextVersionName>Introduced in Senate</billTextVersionName>
        <billTextVersionCode>IS</billTextVersionCode>
      </item>
      <item>
        <titleType>Short Titles as Introduced</titleType>
        <title>Reforestation Tax Act of 2003</title>
      </item>
    </titles>
    <textVersions>
      <item>
        <type>Introduced in Senate</type>
        <date>2003-07-09T04:00:00Z</date>
        <formats/>
      </item>
    </textVersions>
    <latestAction>
      <actionDate>2003-07-09</actionDate>
      <text>Read twice and referred to the Committee on Finance.</text>
    </latestAction>
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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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