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Timber-tax distribution bill draws timing concerns from county assessor
Summary
House Finance received a staff briefing on SB 5994, which would alter how timber tax revenues are distributed to school districts; Jefferson County assessor Jeff Chapman said the bill's immediate effective date could disrupt distribution formulas and asked for a Jan. 1, 2027 effective date.
House Finance on Thursday held a public hearing on Senate Bill 5994, a bill that would adjust how timber tax revenues are distributed to taxing districts and certain school districts.
Rochelle Harris, committee staff, explained that the timber tax is a 5% excise on the assessed value of timber when harvested, with 1% going to the state general fund and the remaining 4% distributed to the county where the timber was harvested. Counties then allocate funds to taxing…
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