Laws, Regulations and Annotations
Business Taxes Law Guide – Revision 2022
Timber Yield Tax Annotations
840.0051 Imposition. Revenue and Taxation Code section 38115 imposes the timber yield tax upon, among others, the person who harvests (cuts or fells) timber owned by another. The liability for tax is not conditioned upon removal of the harvested timber. C 3/30/1987.