Forestry Coalition Urges Congressional Tax Leaders To Retain Timber Tax Provisions

More than 150 forestry organizations, timber industry groups, and private timberland owners have come together to file joint letters with the U.S. House and Senate tax-writing committees urging Congress to retain long existing timber tax provisions of the revenue code, including capital gains on timber sales.

The House Ways and Means Committee and the Senate Finance Committee will play influential roles in writing any new or revised federal tax laws applying to timber sales, forest management expenses, reforestation costs, and related expenses involved in the business of growing trees commercially.

The forestry-generated letters to the Congressional tax leaders urged their respective committees to retain the existing tax law treatment of the timber-growing industry, noting it works for trees, forestland owners, including the 22 million family forest owners across the country, wood products and paper manufacturing, fish and wildlife, and outdoor recreation.

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