3.0.0 2058 2019-02-20T21:01:41Z 2019-02-23T17:39:28Z House H HR 2011-05-31 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. BOUSTANY:H.R. 2058.Congress has the power to enact this legislation pursuantto the following:Article I, Section 7: All Bills for raising Revenue shalloriginate in the House of Representatives; but the Senate maypropose or concur with Amendments as on other Bills.Article I, Section 8: The Congress shall have Power To layand collect Taxes, Duties, Imposts and Excises, to pay Debtsand provide for the common Defence and general Welfare of theUnited States; but all Duties, Imposts and Excises shall beuniform throughout the United States.Amendment XVI (16th Amendment): The Congress shall havepower to lay and collect taxes on incomes, from whateversource derived, without apportionment among the severalStates, and without regard to any census or enumeration.[Page H3805]]]> hswm00 Ways and Means Committee House Standing Referred to 2011-05-31T16:00:46Z 112 664 S 2011-03-29 Read twice and referred to the Committee on Finance. Identical bill CRS 2011-05-31 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2011-05-31 Introduced in House IntroReferral Intro-H 9 Library of Congress 2011-05-31 Introduced in House IntroReferral 1000 9 Library of Congress B001255 Rep. Boustany, Charles W., Jr. [R-LA-7] Charles Boustany R LA W. 7 N Taxation Aquatic ecology Capital gains tax Income tax rates Lakes and rivers Land transfers Land use and conservation U.S. and foreign investments Wetlands Wildlife conservation and habitat protection Taxation

00 2011-05-31 Introduced in House 2011-06-29T19:52:38Z Wetlands Conservation Investment Act of 2011 - Amends the Internal Revenue Code to treat gain or loss from the sale or exchange of a mitigation bank credit by the sponsor of the mitigation bank (i.e., the wetland, stream, or other aquatic resource area that has been restored, established, enhanced, or preserved for the purpose of providing compensation for unavoidable impacts to aquatic resources) who earned such credit as the sale or exchange of a capital asset held for more than one year (thus allowing preferential tax treatment of such gain or loss). Exempts from tax withholding requirements any gain from sales of mitigation bank credits.

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Short Titles as Introduced Display Title Official Title as Introduced Introduced in House 2011-05-31T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr2058ih/xml/BILLS-112hr2058ih.xml 2011-05-31 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.