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Business Taxes Law Guide – Revision 2021
 

Timber Yield Tax

Chapter 10. Disposition of Proceeds

Section 38903


38903. Timber tax fund. (a) All taxes, interest, penalties and other amounts paid or collected pursuant to this part on or before July 31, 1983, except taxes paid or collected pursuant to Section 38301, shall be deposited in the Timber Tax Fund, which is hereby created.

(b) On and after August 1, 1983, all taxes, interest, penalties, and other amounts paid or collected pursuant to this part shall be deposited in the Timber Tax Fund.

History.—Stats. 1982, Ch. 1058, in effect January 1, 1983, deleted ", except the amounts paid or collected pursuant to Section 38301" after "part". Stats. 1983, Ch. 1281, in effect September 30, 1983, added the subdivision letters, added "on or before … Section 38301" after "part" in subdivision (a), and added subdivision (b).