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- Info
Current status and trends in timber severance tax legislation in the South
| Author: |
Haines, T.K. |
| Date: |
1995 |
| Periodical: |
Research Note SO-377. New Orleans, LA: U.S. Department of Agriculture, Forest Service, Southern Forest Experiment Station |
| Abstract: |
Severance tax programs currently exist in eight States in the South. These laws have been enacted primarily to encourage better forest management and to provide revenues for a variety of forestry initiatives. In most States, either the severer or the primary processor of forest products is designated as the taxpayer. Severance tax rates are established as either: (1) a fixed amount per unit of measurement or (2) a percentage of the value of timber harvested. Severance tax receipts have increased across the South since 1987, a trend that will continue if anticipated demand for southern wood products is realized. |
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