Bulletin Number
VTB 81-8
Tax Type
Forest Products Tax
Description
1981 Legislative Changes in Forest Products Tax
Topic
Rate of Tax
Date Issued
05-30-1981
DATE: May 30, 1981
SUBJECT: 1981 Legislative Changes in Forest Products Tax
The 1981 General Assembly passed H.B. 1270 which amends §§ 58-838.5:2 and 58-838.7:1 of the Code of Virginia. The purpose of the amendments is to double those portions of the forest products tax which relate to pine timber products and are designated, to provide funds for the reforestation of privately owned timberlands in the state. The effective date of they tax increase is July 19, 1981.
The pine products total severance and reforestation of timberlands rates are as follows:
| Product Lumber, pine Logs, pine Veneer, pine Pulpwood, etc., pine Railroad cross ties, pine Chips, pine Post, props, etc., pine 4' long, pine 4' - 8' long, pine over 8' long, pine or Post, props, etc., pine Keg staves, pine Keg heads, pine Piling, pine | Rate of Tax Effective July 1, 1981 $1.15/MBF 1.15/M ft. Log scale (Int 'l. 3" Kerf Rule) 1.15/MBF Log scale (Int 'l. 3" Kerf Rule) 471/2¢/Std. Cd. 3.84/Piece 0.9864/100 lbs. 38¢/100 pieces 61.75¢/100 pieces 76¢/100 pieces $1.045/M. Lineal ft. 3.8¢/400" bundle 11.5¢/100 keg heads 2.31% on invoice value f.o.b. loading point |
Other types of forest products
not listed, pine. 71¢/100 cu. ft.
All rates on other species and products remain unchanged.
Tax Bulletins