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- Info
Current status of timber yield and severance taxes in the United States
| Author: |
Clements, S.E.; Klemperer, W.D.; Haney, H.L., Jr.; Siegel, W.C. |
| Date: |
1986 |
| Periodical: |
Forest Products Journal |
| Abstract: |
A study of existing timber harvest tax laws was made in 1984. Data collected include the statutory provisions of both yield and severance tax laws and the acreage classified under optional yield tax legislation. At the time of the study, 21 yield tax statutes existed in 16 states. The primary provisions of yield tax laws include application procedures, qualification requirements, declassification penalties, land tax treatments, and revenue distribution schemes. Only a small percentage of private, commercial forest land is classified under optional yield tax statutes. Ten severance tax laws exist in 9 states. Severance taxes are compulsory, and are often imposed in addition to a property or yield tax, or both. Legislative trends in recent years indicate a continued interest in harvest taxes; several yield and severance tax laws have been enacted since 1970. |
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