Relating to a severance tax on the harvest of timber; appropriating money; prescribing an effective date; providing for revenue raising that requires approval by a three-fifths majority.
Catchline/Summary:
Imposes severance tax on harvest of timber from forestlands in Oregon at rate of $15 per thousand feet, board measure, to fund income tax credit for milling of logs in Oregon and for distribution to counties. Imposes severance tax on harvest of timber from forestlands in Oregon at rate of $15 per thousand feet, board measure, to fund income tax credit for milling of logs in Oregon and for distribution to counties.
Applies to tax years beginning on or after January 1, 2015.
Takes effect on 91st day following adjournment sine die.
Chapter Number:
Fiscal Impact:
May Have Fiscal Impact, But No Statement Yet Issued
Revenue Impact:
May Have Revenue Impact, But No Statement Yet Issued
Oregon Legislative Assembly - Public Testimony Registration Form
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HB 4101 House Committee On Revenue
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