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- Subject Index: Since 1995
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2015 SESSION
HB 1724 Forest products; revision of definition, changing of tax on all products.
Introduced by: C. Matthew Fariss | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Forest products tax. Makes several changes to the forest products tax, including (i) revising the definition of a taxable "forest product" as wood derived from trees severed for commercial purposes; (ii) revising the definition of "manufacturer" liable for the tax as any person that uses, consumes, processes, or stores forest products for commercial purposes at a fixed place of business; (iii) providing that the first manufacturer using, consuming, processing, or storing the forest product is liable for the tax and that severers of wood are liable for the tax on sales to unregistered manufacturers; (iv) changing the forest products tax on wood chips, currently assessed per 100 pounds of roundwood, and mulch to $0.20 per ton for pine, $0.04 per ton for other species, and $0.10 per ton for loads consisting of both pine and other species; (v) changing the alternative forest products tax on wood chips, currently assessed per 100 pounds of roundwood, and mulch to $0.026 per ton for pine, $0.04 per ton for other species, and $0.03 per ton for loads consisting of both pine and other species; and (vi) requiring severers of wood to file tax returns and retain records relating to the tax.
FULL TEXT
- 01/12/15 House: Prefiled and ordered printed; offered 01/14/15 15102989D pdf | impact statement
- 02/18/15 House: Bill text as passed House and Senate (HB1724ER) pdf | impact statement
- 03/16/15 Governor: Acts of Assembly Chapter text (CHAP0170) pdf
HISTORY
- 01/12/15 House: Prefiled and ordered printed; offered 01/14/15 15102989D
- 01/12/15 House: Referred to Committee on Finance
- 01/20/15 House: Assigned Finance sub: Subcommittee #2
- 01/21/15 House: Subcommittee recommends reporting (10-Y 0-N)
- 01/26/15 House: Reported from Finance (22-Y 0-N)
- 01/27/15 House: Read first time
- 01/28/15 House: Read second time and engrossed
- 01/29/15 House: Read third time and passed House (96-Y 0-N 1-A)
- 01/29/15 House: VOTE: PASSAGE (96-Y 0-N 1-A)
- 01/30/15 Senate: Constitutional reading dispensed
- 01/30/15 Senate: Referred to Committee on Finance
- 02/11/15 Senate: Reported from Finance (14-Y 0-N)
- 02/12/15 Senate: Constitutional reading dispensed (37-Y 0-N)
- 02/13/15 Senate: Read third time
- 02/13/15 Senate: Passed Senate (36-Y 0-N)
- 02/18/15 House: Enrolled
- 02/18/15 House: Bill text as passed House and Senate (HB1724ER)
- 02/18/15 House: Signed by Speaker
- 02/20/15 Senate: Signed by President
- 02/23/15 House: Enrolled Bill communicated to Governor on 2/23/15
- 02/23/15 Governor: Governor's Action Deadline Midnight, Sunday, March 29, 2015
- 03/16/15 Governor: Approved by Governor-Chapter 170 (effective 7/1/15)
- 03/16/15 Governor: Acts of Assembly Chapter text (CHAP0170)