US Congress Senate Bill 664 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on March 29 2011 - 25% progression, died in committee
Action: 2011-03-29 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

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.

Wetlands Conservation Investment Act of 2011

Sen. Mary Landrieu [D-LA]

Sen. Mike Crapo [R-ID]

Date	Chamber	Action
2011-03-29	Senate	Read twice and referred to the Committee on Finance.

HB2058 (Same As) 2011-05-31 - Referred to the House Committee on Ways and Means.

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/senate-bill/664/all-info
Text	https://www.congress.gov/112/bills/s664/BILLS-112s664is.pdf