,,ii  #aadth ,,congress  #ast ,session  
,s4 #bagh  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,october #h1   
#bjae,mr4 ,boozman 7for himself and ,mr4
 ,cotton7 introduced the following bill2
 which was read twice and referred to   
the ,committee on ,finance  ,a ,,bill   
,to amend the ,internal ,revenue ,code  
of #aihf to make permanent certain      
provisions of the ,heartland1 ,habitat1 
,harvest1 and ,horticulture ,act of     
#bjjh relating to timber1 and for other 
purposes4  #a4 ,short title ,this ,act  
may be cited as the ,timber             
,revitalization and ,economic           
,enhancement ,act of #bjae4  #b4        
,treatment of timber gains  7a7 ,special
 rate made permanent ,paragraph 7#a7 of 
section #abja7;b7 of the ,internal      
,revenue ,code of #aihf is amended by   
striking ending after the date and all  
that follows through after such date and
 inserting beginning after the date of  
the enactment of the ,timber            
,revitalization and ,economic           

,enhancement ,act of #bjae4  7b7        
,adjustment of special rate  7#a7 ,in   
general ,clause 7i7 of section          
#abja7;b77#a77;,b7 of such ,code is     
amended by striking #ae percent and     
inserting #bj percent4  7#b7 ,conforming
 amendment ,section #ee7;b7 of such     
,code is amended by striking paragraph  
7#d74  7c7 ,computation for taxable     
years in which rate first applies       
,paragraph 7#c7 of section #abja7;b7 of 
such ,code is amended to read as        
follows3  7#c7 ,computation for taxable 
years in which rate first applies ,in   
the case of any taxable year which      
includes the date of the enactment of   
the ,timber ,revitalization and         
,economic ,enhancement ,act of #bjae1   
the qualified timber gain for such year 
shall not exceed the qualified timber   
gain properly taken into account for the
 portion of the year after such date4  4
  7d7 ,effective date ,the amendments   
made by this section shall apply to     
taxable years beginning after the date  

of the enactment of this ,act4