232 ILLINOIS STATE ACADEMY OF SCIENCE 



ing forest and it placed on the owner the inconvenient 

 obligation to pay annual taxes for years before any in- 

 come was realized" (Fairchild '22). The Committee on 

 forest taxation of the National Tax Association suggests 

 as a remedy the paying of a products tax of about 5 per 

 cent on timber when it is cut, this applying to mature 

 forests; and an exemption from taxation for immature 

 and young timber, assessing these lands no higher than 

 similar bare lands in the neighborhood. The main diffi- 

 culties lie in the determination of what is "mature tim- 

 ber", and the irregularity of revenue resulting from the 

 yield tax. It is along these lines, however, that the most 

 satisfactory adjustment of our forestry taxation prob- 

 lem is to be looked for. 



Fairchild, Fred R., 1922. Finding the Solution of the Forest Taxation 

 Problem. Report of the Committee on forest taxation, National 

 Tax Association, Minneapolis, Minnesota, American Lumberman, 

 September 30, 1922. Pages 54-55. 



Funk, W. O, 1914. What the Farm Contributes directly to the Farm- 

 er's living. Farmer's Bulletin 635. U. S. Dept. Agr. December 

 24, 1914. 



Flint, W. P., 1922. Burn the Chinch-Bug. Circular 265, Univ. of 111. 

 Agr. Exp. Sta., Urbana, Illinois, October, 1922. 



