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Committee hears bill to extend timber-purchase reporting requirement; industry and DNR back extension
Summary
House Bill 1389 would extend a timber-purchase reporting requirement that supports Department of Revenue stumpage-value tables. DNR staff and industry witnesses said the reporting produces data used to calculate the timber excise tax base; supporters asked the committee to extend the sunset four years.
House Bill 1389, which would extend timber-purchase reporting requirements for an additional four years, received a staff briefing and public testimony before the House Agriculture and Natural Resources Committee on Jan. 29.
Committee staff summarized the bill and the background: purchasers of timber are required to report larger timber sales to the Department of Revenue; that information (total price, acreage, volume by species and log grade) is used to produce stumpage-value tables, which in turn help determine the tax base for the timber excise…
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