U.S. House Members Urge Retention Of Timber Tax Provisions

A bipartisan letter signed by 80 members of Congress representing 26 states has been sent to House Ways and Means Committee leaders urging them to preserve the federal timberland tax provisions in any tax reform effort.

The prospect of a wide-ranging overhaul of the tax code as applies to timber and timberland owners is generating concern in forestry circles.  Key tax provisions in existing law affecting timberland owners include capital gain treatment of most timber sales and deductibility of some forest management expenses, including reforestation.

The letter to Committee Chairman Paul Ryan (R-Wisconsin) and Ranking Minority Member Sander Levin (D-Michigan) encouraged retention of the current tax treatment for timberland owners and investors as the Committee examines ways to revise and modernize the federal tax code.

TO SEE THE FULL ARTICLE IN THE SUMMER 2015 F&W FORESTRY REPORT,

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