oregon timber harvest tax

It was established to recover portions of the state's costs related to forest protection and forest research or to provide funding to improve public understanding of the state's forest resources. The Forest Products Harvest Tax (FPHT) applies to timber harvested from any land in Oregon. Although a commonly abused myth is that Oregon timber harvest peaked during the 1980s, the data shows clearly that statewide harvest actually crested during the decades of the 1950s and 1960s. The National Timber Tax Website was developed to be used by timberland owners, as well as a reference for accountants, attorneys, consulting foresters and other professionals who work with timberland owners regarding the tax treatment of timber related activities. All harvesters of Oregon timber pay a Forest Products Harvest Tax (FPHT) on harvested timber. It is governed by a 13-member board of directors who represent small, medium and large forest producers, small woodland owners, forest sector employees, academia and the general public. Timber Harvest Records Every owner must keep records of harvested timber that is subject to the Small Tract Forestland Severance Tax and the Forest Products Harvest Tax. The pocket-size booklet offers a detailed reference guide to Oregon’s forest sector, including information, maps, graphs and statistics about forestland ownership, timber harvest, forest-based employment and wood products production. Today, the primary tax paid by large industrial forest owners is the Forest Harvest Tax. Tax applies to all timber cut in the state, including harvests from federal, state, local and all private forestland, except some tribal land. History. By 1961, the reappraisal plus rising timber prices drastically increased the value of timber on Oregon’s tax rolls. Examples: Net weight converted to ton = 554,200 pounds ÷ 2000 = 277 ton Tons converted to MBF = 277 ton ÷ 7.5 = 36.9 rounds to 37MBF Forest products harvest tax (ORS 321.005 to 321.185) The forest products harvest tax (FPHT) is computed by applying the tax rate to the “taxable volume.” The Program legal-common name: Forestland program Tax Type: Current Use Law: ORS 321.201 to 321.686 Objective: This reduced tax assessment was intended to recognize the importance of forestland to Oregon's economy and respond to the growing pressures that urban growth was putting … Oregon Law Local Revenue . Timber harvest records required to be retained include: EO standing timber exempt from property tax but 5% harvest tax. - (1) A severance tax is imposed at the time of the harvest of timber from small tract forestland. Tax Responsibility: Specify in the contract who is responsible to pay required timber harvest tax, based on the harvest volume. harvest tax are levied on the volume of harvested timber from both private (and public) land. In 1999, the Oregon Legislature eliminated this tax on private timber owners with more than 5,000 acres of land, resulting in a drop in state revenue of $70 million a year. Contractors performing labor and services for the timber owner are not responsible for the forest tax. No distinction is made between timber harvested from private lands or government-owned lands. Tags > timber harvest Clear All Sort by Oregon Forest Revenues to State and Local Governments Revenue & Expense. Description: Principal Forest Property Tax Incentive Programs: 1. Historically, Oregon timber taxes have also included property tax on the value of standing timber and special programs for reforesting cutover lands. 1. 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