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Committee hears four-year extension of timber purchase reporting to support stumpage tables
2378082 · February 21, 2025
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Summary
House Bill 1389 would extend until Sept. 30, 2029 the requirement that timber purchasers report large sales to the Department of Revenue so DOR can update stumpage value tables used to calculate timber excise taxes; industry and DOR support extension as a routine, low-impact administrative matter.
Committee staff briefed members Feb. 21 on House Bill 1389, a measure to extend until Sept. 30, 2029 a current reporting requirement that timber purchasers submit details of larger timber sales to the Department of Revenue.
The timber-purchase reports contain sales…
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