GOVERNOR SIGNS LUMBER TAX
Posted: November 29, 2012 | Posted by Crystal Whitfield | No Comments
A controversial bill creating a new tax on wood products was signed into law this week. AB 1492 (Budget Committee) imposes a 1 percent tax on lumber products starting in January 2013. However, the bill also restricts liability that some landowners pay for causing wildfires and allows harvest plans to remain effective for longer periods.
“California’s laws have saddled our timber industry with costly burdens while giving out-of-state competitors a free ride–but that stops ...
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