3.0.0 1982 2019-02-20T20:56:53Z 2019-02-24T00:36:00Z House H HR 2011-05-25 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. REICHERT:H.R. 1982.Congress has the power to enact this legislation pursuantto the following:``The constitutional authority of Congress to enact thislegislation is provided by Article I, section 8 of the UnitedStates Constitution, specifically clause 1 (relating toproviding for the general welfare of the United States) andclause 18 (relating to the power-to make all laws necessaryand proper for carrying out the powers vested in Congress),and Article IV, section 3, clause 2 (relating to the power ofCongress to dispose of and make all needful rules andregulations respecting the territory or other propertybelonging to the United States).''[Page H3645]]]> hswm00 Ways and Means Committee House Standing Referred to 2011-05-25T14:01:05Z Community Forestry Conservation Act of 2011 112 1105 S 2011-05-26 Read twice and referred to the Committee on Finance. Identical bill CRS 2011-05-25 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2011-05-25 Introduced in House IntroReferral Intro-H 9 Library of Congress 2011-05-25 Introduced in House IntroReferral 1000 9 Library of Congress R000578 Rep. Reichert, David G. [R-WA-8] David Reichert R WA G. 8 N T000460 Rep. Thompson, Mike [D-CA-1] MIKE THOMPSON D CA 1 2011-05-25 True M000404 Rep. McDermott, Jim [D-WA-7] JIM MCDERMOTT D WA 7 2011-06-21 False I000026 Rep. Inslee, Jay [D-WA-1] JAY INSLEE D WA 1 2011-09-29 False Taxation Forests, forestry, trees Income tax exclusion Land transfers Land use and conservation Securities Taxation 00 2011-05-25 Introduced in House 2011-06-24T13:42:39Z 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 Short Titles as Introduced Community Forestry Conservation Act of 2011 Display Title Community Forestry Conservation Act of 2011 Official Title as Introduced To provide a Federal tax exemption for forest conservation bonds, and for other purposes. Introduced in House 2011-05-25T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr1982ih/xml/BILLS-112hr1982ih.xml 2011-05-25 Referred to the House Committee on Ways and Means. text/xml EN 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. Congressional Research Service, Library of Congress 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.