Current Status and Trends in Timber Severence Tax Legislation in the South
http://www.srs.fs.usda.gov/pubs/rn/rn_so377.pdf
Severance tax programs currently exist in eight States in the South. These laws have been enacted primarily to encourage better forest management and to provide rev- enues for a variety of forestry initiatives. In most States, either the severer or the primary processor of forest prod- ucts is designated as the taxpayer. Severance tax rates are established as either: (1) a fixed amount per unit of measurement or (2) a percentage of the value of timber harvested.
(Added: 30-Apr-2001 Hits: 58 Rating: 0 Votes: 0) Rate It
Introduction to Timber Taxation
http://www.state.tn.us/agriculture/forestry/lit/26.pdf
Forest tax regulations are complex and subject to change. Many IRS agents and accountants are unfamiliar with them, so it is usually up to
landowners to educate themselves. The following brief checklist is intended only to alert the reader to certain important points.
(Added: 26-Sep-2003 Hits: 12 Rating: 0 Votes: 0) Rate It
IRS Tree Planting Tax Incentive
http://www.dnr.state.oh.us/forestry/
(Added: 5-Jan-2001 Hits: 82 Rating: 0 Votes: 0) Rate It
National Timber Tax Website
http://www.timbertax.org
This source has a plethora of timber tax information available to the landowner and natural resource professional.
(Added: 23-Mar-2001 Hits: 160 Rating: 8.00 Votes: 1) Rate It
New Tax Law Could Enhance the Attractiveness of Conservation Easements
http://www.ext.vt.edu/news/periodicals/fmu/1998-02/easement.html
This article provides a brief overview of the new provisions in which properly drafted conservation easements qualify for a charitable contribution deduction, allowing the donor to take a deduction for income tax purposes.
(Added: 13-Feb-2001 Hits: 43 Rating: 0 Votes: 0) Rate It
Reducing your Taxes with Conservation Easements
http://forestry.msu.edu/extension/ExtDocs/easemnt.htm
(Added: 5-Jan-2001 Hits: 53 Rating: 0 Votes: 0) Rate It
Reforestation Tax Credit and Amortization
http://www.state.tn.us/agriculture/forestry/lit/46.pdf
Landowners may qualify for a 10% tax credit on reforestation costs of up $10,000 (maximum $1,000 credit) and amortization (deduction from gross income) of up to $9,500 of the remainder
over a period of seven years.
(Added: 26-Sep-2003 Hits: 3 Rating: 0 Votes: 0) Rate It
Tax Deductions and Depreciation
http://www.state.tn.us/agriculture/forestry/lit/43.pdf
Landowners who can demonstrate a profit motive
can deduct 1) capital costs (which form the cost
basis of the property); 2) currently deductible
expenditures for man agement and protection; 3)
costs of sale.
expenses can be recovered when the timber is sold.
(Added: 26-Sep-2003 Hits: 6 Rating: 0 Votes: 0) Rate It
Tax Savings on Timber Sales
http://www.extension.iastate.edu/Publications/PM1162.pdf
Understanding tax laws and tax incentives designed to encourage improvement and expansion of woodlands will benefit both you and the general public.
(Added: 22-Mar-2001 Hits: 79 Rating: 0 Votes: 0) Rate It
Tax Tips for Forest Landowners (2000)
http://www.srs.fs.usda.gov/pubs/misc/r8_mb087.pdf
USDA Forest Service Management Bulletin R8-MB 87. Written by Larry Bishop.
(Added: 7-Dec-2000 Hits: 104 Rating: 3.00 Votes: 1) Rate It
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