HB313 Alabama 2017 Session

Sponsors

Session

Regular Session 2017

Title

Forest products severance and manufacturers tax, revised, wood residue used in manufacturing process excluded from tax, Secs. 9-13-80, 9-13-81, 9-13-82, 9-13-84, 9-13-86, 9-13-88, 9-13-93, 9-13-104, 9-13-108 am'd.

Description

<p class="bill_description"> Under existing law the state levies a forest products severance tax on various forest products to provide for conservation of the states’ natural resources</p><p class="bill_description"> This bill further defines the types of forest products subject to the forest products severance tax, and the manufacturer’s forest product tax liability, and makes additional technical changes</p><p class="bill_entitled_an_act"> Relating to forest products severance tax; to amend sections 9-13-80, 9-13-81, 9-13-82, 9-13-84, 9-13-85, 9-13-86, 9-13-87, 9-13-88, 6-13-93, 9-13-103, 9-13-104, and 9-13-108, Code of Alabama 1975; to update definitions, to further define the types of forest products subject to the severance tax, and to streamline language to provide dual options for taxpayers to calculate severance taxes on all forest products; eliminate double taxation of any forest product and the levy of the manufacturers taxation of out of state companies; and clarify that timber or manufacturing byproducts used as fuel are not taxed. </p>

Subjects

Taxation