2015 Regular Session
|At the request of:|
|Chief Sponsors:||Representative Holvey|
|Regular Sponsors:||(Presession Filed)|
|Bill Title:||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.] Applies to tax years beginning on or after January 1, 2016. Takes effect on 91st day following adjournment sine die.
|Fiscal Impact:||Fiscal Impact Issued|
|Revenue Impact:||Revenue Impact Issued|
|Measure Analysis:||Staff Measure Summary / Impact Statements|
|Current Location:||In House Committee|
|Current Committee:||Joint Committee On Ways and Means|