made on the ground as cut, skidded, or loaded. must submit a map of the property showing total 
A copy of the report is sent to the county auditor area by specified forest types. Such forest types 
who assesses the tax. If dissatisfied with the as- are defined and average growth rates determined 
sessment, the owner may request a hearing before by the Director with assistance from the county 
the county board. land commissioner, the North Central Forest 
Under the alternative method of taxation the Experiment Station of the U.S. Forest Service, 
county auditor assesses the yield tax by multiply- and the School of Forestry, University of Minne- 
ing the acreage classified by the average annual sota. 
timber growth per acre by species, calculated in Collection. The land tax is collected in the same 
cords or board feet (Minnesota standard log-scale —_ manner as other real estate taxes. The yield tax is 
rule). Aggregate growth is then multiplied by the _ payable to the county treasurer annually. 
stumpage price for major species used by the 
Division of Forestry in selling trust fund timber U8¢ of revenue 
in the district. The stumpage value of the annual Both land taxes and yield taxes are credited to 
growth so determined is subject to the annual the taxing districts affected in the proportion of 
yield tax. their interests in the taxes that would have been 
To qualify for the alternative method, owners __ payable had the property not been classified. 
MISSISSIPPI 
Yield Tax.!. Mandatory. Enacted 1940. Amended 1942, 1946, and 1952. 
Reenacted 1956. 
Mississippi Code 1942, Sees. 9404-01 to 9404-16. 
Classification or timber products for commercial purposes. 
There is no provision for classification since Tax treatment 
application of the law is mandatory. The tax is 
levied upon persons engaged in the business of 
growing, severing, and producing logs or any tim- Timber. Growing standing timber is exempt 
ber products from the soil or water for sale orcom- ‘from the property tax but is subject to tax when 
mercial use; or purchasing, logging, or selling logs severed at the rates shown below: 
Land. Subject to the general property tax. 
Product Rate 
Saw logs, all species used in the manufacture of lumber, veneer, 
or other products— 
pine and other softwoods_______- oe ee see In. = 40 cents per 1,000 board feet log scale, Doyle rule. 
Hardwoods Seo mary see ee ee ae ee 30 cents per 1,000 board feet log scale, Doyle rule. 
Lumber, all species and kinds including crossties______________- 30 cents per 1,000 board feet actual board measure 
Poles, piling, stanchions and like timber products not manufac- 
LUTCORMntO MUM DCL aaa a | eee ee 1% of market or delivered sale price in white or rough form 
Pulpwood, all species and kinds except pine__________________- 9 cents per cord (128 cu. ft.) 
nines pulp wood reer ee a RS se eee ee 12 cents per cord (128 cu. ft.) 
Stumpwood, lightwood, or other distillate wood________________ 10 cents per ton, 2000 Ibs. 
RUT Ohne huder runes | See. Sia sere ee abs ee) 12 cents per barrel, 400 lbs. 
Allothersuim ber products. se ee ee BO eS ee ee 30 cents per 1,000 board feet or 15 cents per cord (128 cu. ft.) 
Exemption. Individual owners who occasionally — the type of business conducted, the kind, quantity, 
cut timber from their own premises for their own and value of products severed and such other 
use are exempt. reasonable information as may be required by the 
Commissioner. Owners and severers are propor- 
tionately liable for payment of the tax and the 
severer must file an information return if the tax 
has been paid by the owner. Persons subject to 
tax, including purchasers or manufacturers of 
timber products, are required to maintain records 
of their timber transactions. ” 
Tax administration 
Reports. Persons purchasing or severing timber 
are required to pay the tax, if not previously paid 
by owner or grower, and must file monthly returns 
on forms prescribed by the State Tax Commission. 
Quarterly returns are permitted if the monthly 
tax does not exceed $10. Returns must specify 
2Regulations were issued by the State Tax Commission 
‘ Known as the “Severance Tax.” September 20, 1967 relating to wood chip production. 
4] 
