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Business Taxes Law Guide – Revision 2022
 

Timber Yield Tax Annotations


840.0146 Timber Owner. A timber sale agreement pursuant to which designated standing timber is to be removed by a specified date results in an immediate transfer of the timber to the buyer, with ownership of the timber that is not harvested by the specified date reverting to the seller. As the timber owner, the buyer is responsible for timber yield tax due on the timber harvested. C 6/9/1981.