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- Info
Wisconsin's experience with the optional yield tax
| Author: |
Stier, J.C. |
| Date: |
1988 |
| Periodical: |
In: Forest Taxation: Adapting in an Era of Change; 1988 May 20-22; Atlanta, GA. Madison, WI: Forest Products Research Society. |
| Abstract: |
In 1985, Wisconsin's original optional yield tax law, the Forest Crop Law, was repealed and replaced by the closely related Managed Forest Law. This paper reviews the rationale for and provisions of the Forest Crop Law and evaluates its performance over the past 60 years. Reasons for enactment of the Managed Forest Law and ways it differs from its predecessor are also discussed. Although Wisconsin is sometimes cited as a state where the optional yield tax has provided an effective alternative to ad valorem taxation of forestland, there have been problems with the program. The public's interest in forestlands has changed in recent decades and the yield tax program has evolved to meet that interest. |
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