HB 4101: Oregon’s Timber tax By Oregon Tax News. Examples: Net weight converted to ton=554,200 pounds/2000=277 ton Tons converted to MBF=277 ton/7.5=36.9 rounds to 37MBF Forest products harvest tax (ORS 321.005 to 321.185) The forest products harvest tax (FPHT) is computed by applying the tax rate to the “taxable volume.” The (2) Moneys are continuously appropriated from the Western Oregon Timber Severance Tax Fund for use in reimbursing the General Fund for expenses incurred in the collection of taxes imposed under ORS 321.700 (Definitions for ORS 321.700 to 321.754) to 321.754 (Eastern Oregon Timber Severance Tax Fund). FFYT is repealed The Forest Products Harvest Tax (FPHT) applies to timber harvested from any land in Oregon. (1) A severance tax is imposed at the time of the harvest of timber from small tract forestland. HB 4101 creates a severance tax on timber production that would go to fund county government as well as distribute back to timber mills who paid the tax through a tax credit for milling logs. The state would have received an estimated $59 million under California’s tax system and $91 million under Washington’s system, the investigation by OPB, The Oregonian/OregonLive and ProPublica found. harvest tax are levied on the volume of harvested timber from both private (and public) land. Examples: Net weight converted to ton = 554,200 pounds ÷ 2000 = 277 ton Tons converted to MBF = 277 ton ÷ 7.5 = 36.9 rounds to 37MBF Forest products harvest tax (ORS 321.005 to 321.185) The forest products harvest tax (FPHT) is computed by applying the tax rate to the “taxable volume.” The Optional Forest Fee and Yield Tax (FFYT): 5¢ / 10¢ an acre + 12.5% tax at harvest. The Oregon State Forester appoints 11 members. Oregon Timber Harvest. Although a commonly abused myth is that Oregon timber harvest peaked during the 1980s, the data shows clearly that statewide harvest actually crested during the decades of the 1950s and 1960s. WO partial property tax exemption & small tract option. (Same as current Oregon Harvest Tax and Washington State severance tax). Timber Harvest Records Every owner must keep records of harvested timber that is subject to the Small Tract Forestland Severance Tax and the Forest Products Harvest Tax. Tax Responsibility: Specify in the contract who is responsible to pay required timber harvest tax, based on the harvest volume. It was established to recover portions of the state's costs related to forest protection and forest research or to provide funding to improve public understanding of the state's forest resources. Western Oregon Severance Tax. When the owner of the timber cannot be determined, the landowner at the time of harvest will be responsible for the tax. Click on a county to view Timber Harvest data by ownership for calendar years 2002 to most recent year available. Land and timber collectively taxed as real property. Private Reasons Oregon’s Public Forests Are At Risk. OFRI was created by the Oregon Legislative Assembly in 1991 and is funded by a dedicated forest-products harvest tax. Small Logging Communities Are Paying the Price. Local governments receive timber revenue from Title: Understanding Oregon’s Timber Tax Programs and How to Complete Forms, 150-441-409 Author: Oregon Department of Revenue Created Date: 7/1/2015 8:07:37 AM 2019 Oregon Revised Statutes Volume : 08 - Revenue and Taxation Chapter 321 - Timber and Forestland Taxation FOREST PRODUCTS HARVEST TAX Section 321.005 - Definitions for ORS 321.005 to 321.185, 321.560 to 321.600 and 477.440 to 477.460. Dataset. Oregon Law Local Revenue . 1929–1960. 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