as a capital gain, rather than ordinary 

 income, for the tax year in which it 

 was cut or sold. 



Although it is difficult to measure the 

 impact of this change, it is generally 

 felt by forestry authorities to have 

 encouraged partial cutting and 

 sustained-yield management and 

 discouraged indiscriminate 

 clearcutting. This is true in the 

 South, as well as in the rest of the 

 United States. 



Charles W. Briggs, of Minneapolis, a 

 prominent timber tax attorney, 

 participated in drafting the 

 amendment and served for many 

 years as chairman of FICTVT. 

 William K. Condrell is the present 

 FICTVT general counsel. 



While initially established as a 

 committee, the Forest Industries 

 Committee on Timber Valuation and 

 Taxation has become for all intents 

 and purposes an association, with 

 large and small participating members 

 in all parts of the United States. In 

 addition, it has expanded its activities 

 to include all phases of taxation 

 affecting timberland owners — in such 

 areas as estate, inheritance, State ad 

 valorem, etc.— as well as retention of 

 the important timber capital gains 

 provisions. Headquarters are in 

 Washington, DC. 



During the remainder of the World 

 War II years, forestry associations in 

 the South and nationwide devoted the 

 bulk of their energies toward 

 expanded production of lumber, pulp 

 and paper, and other timber products 

 to bolster the war effort. 



One State association, however, was 

 formed during this period: Virginia 

 Forests, Inc., in 1943, with 

 headquarters at Richmond. Its stated 

 purpose was "to protect, preserve 

 and rehabilitate the forests in this 

 commonwealth for the benefit of this 

 generation and the generations to 

 come." One of its first activities was 

 to work for statewide fire protection, 

 which goal was finally achieved in 

 1945. 



The association also successfully 

 supported enactment of a timber 

 severance tax to provide funds for the 

 State's Division of Forestry. Over the 

 years, the work of Virginia Forests, 

 Inc.. has included sponsorship of an 

 aggressive educational program aimed 

 at school children, vocational 

 agriculture students, landowners, 

 forest industry, and the public at 

 large. It has sponsored a very 

 effective bookcover program aimed at 

 school children, and it has 

 inaugurated an active, statewide 

 "plant more trees" project. 



William C. Cooper was the 

 association's executive director from 

 its establishment until his retirement, 

 when he was succeeded by Charles 

 F. Finley, Jr. In recent years Virginia 

 Forests, Inc., has taken an 

 increasingly active role in State and 

 national legislative affairs affecting 

 forestry and forest owners. 



In early 1944 the American Forestry 

 Association, anticipating the end of 

 World War II, undertook a 3-year 

 national survey to determine the 

 effects of the war on the Nation's 



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