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AF&PA Honors Congressman with Distinguished Service Medal

August 31, 2006 - The American Forest & Paper Association (AF&PA) hailed Congressman Jim McCrery's leadership in keeping the forest products industry a viable part of the U.S. economy, presenting him with AF&PA's Distinguished Service Medal at the Louisiana Forestry Association's annual convention at Sam's Town Hotel in Shreveport.

The presentation of the medal, originally to be awarded in August of 2005, was postponed due to Hurricane Katrina.

The AF&PA Distinguished Service Medal was created in 1999 to recognize the efforts of individuals who perform outstanding service to the American forest products industry. Congressman McCrery is the first recipient of the award.

The tax law changes McCrery championed in 2004 allow forest landowners to deduct their expenses sooner for reforestation and also allow those who sell timber on a lump-sum basis to qualify for capital gains treatment. Continuing to fight on behalf of families and business owners who depend on forest stewardship and products, Congressman McCrery then authored The Timber Tax Act of 2005, which would reduce taxes on timber at the time of sale and would equalize tax treatment for all landowners.

"Thanks to Congressman McCrery's strong leadership, a two year version of the Timber Tax Act passed the House and its key provisions are now pending in the U.S. Senate," said AF&PA Senior Vice President Donna Harman. "The destruction wrought by Katrina has made awarding the medal today even more significant because rebuilding the Gulf Coast depends heavily on a strong forest products industry. We commend Congressman McCrery for his support of our industry, which is the economic backbone of so many communities across our nation."

SOURCE: American Forest & Paper Association




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