Washington DC Office 307 Dirksen Senate Office Building Washington, D.C. 20510 Phone: 202-224-6441 Fax: 202-224-1724 Wyoming Office P.O. Box 22201 Casper, WY 82602 307-261-6413   Issue Statements Sponsored Bills Committee Assignments Timber Tax Act of 2005 Date Introduced: 09/09/05 Bill Number: S.1791 Description: Currently, there is a difference in capital gains treatment between timber companies operating as regular corporations versus those organized as real estate investment trusts (REITs). The corporate capital gains rate is 35 percent, while that for REITs is 15 percent. This bill would effectively lower the capital gains rates for C corporations to 15 percent. « Back to Sponsored Bills Home | Privacy Policy | Text Only | Contact This Home Page is maintained by the office of Senator Craig Thomas. Please send comments to webmaster@thomas.senate.gov