qualified timber property
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 1400N — in this section
The term “qualified timber property” has the meaning given such term in section 194(c)(1).
26 U.S.C. § 194 — for purposes of this section
The term “qualified timber property” means a woodlot or other site located in the United States which will contain trees in significant commercial quantities and which is held by the taxpayer for the planting, cultivating, caring for, and cutting of trees for sale or use in the commercial production of timber products.