Relating to a severance tax on the harvest of timber; prescribing an effective date; providing for revenue raising that requires approval by a three-fifths majority.
Catchline/Summary:
Imposes tax on harvest of timber from forestlands in Oregon of $10 per thousand feet, board measure, to fund fire suppression, to fund watershed conservation and for distribution to counties.Imposes severance tax on harvest of timber from forestlands in Oregon at rate of $19 per thousand feet, board measure, to fund income tax credit for milling of logs in Oregon, to fund fire suppression and for distribution to counties.]
Imposes tax on harvest of timber from forestlands in Oregon of $10 per thousand feet, board measure, to fund fire suppression, to fund watershed conservation and for distribution to counties.
Applies to tax years beginning on or after January 1, 2016.
Takes effect on 91st day following adjournment sine die.
Oregon Legislative Assembly - Public Testimony Registration Form
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HB 2588 Joint Committee On Ways and Means
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