California Enacts Tax on Lumber and Engineered Wood Products

Thursday, September 13th, 2012

 
 
Share
Link
California
General

California Governor Jerry Brown signed Assembly Bill 1492 into law creating a new 1% tax on lumber and engineered wood products. 2012 Cal. Stat. ch. 289. This legislation adds section 4629 to the Public Resources Code, which in turn creates the Timber Regulation and Forest Restoration Fund. The statute directs the California Board of Forestry and Fire Protection to adopt a regulation implementing the tax no later than October 1, 2012. The tax itself will be effective on January 1, 2013.

While a full analysis of the impacted products must wait for the Board to draft its regulation, the statute gives some guidance as to what will be considered an engineered wood product. The statute specifically lists "plywood," "laminated beams," and "particleboard" as items that qualify as engineered wood product. Also, the statute defines "lumber products" as "product[s] in which wood or wood fiber is a principal component part"; however, items such as furniture, paper, and hardwood flooring are specifically excluded from the definition.


About TTR

Transaction (buying or selling things), Tax (the tax on this activity), Resources (our people, our website, our support services) - TTR, Inc.

TTR has a website that companies subscribe to and use daily. This website provides a list of everything that can be bought or sold in the U.S. It provides simple answers to whether buying or selling these items is taxable (subject to a sales tax or other tax), and it provides all the legal authority to support these tax answers.

TTR likes to keep things simple and fun, which is why it has great people who provide help to clients on any support questions they have about transaction tax issues.

Please visit TTR on the web at www.ttrus.com or call 866.578.8193.

Data Survey Services Not Taxable in South Carolina

Monday, June 24th, 2019 -The South Carolina Department of Revenue recently ruled that business data survey services were non-taxable pr...

Senior Center Cafeterias are Taxable in Missouri

Friday, June 21st, 2019 -Missouri's Director of Revenue recently issued a letter ruling taxing the sale of cafeteria food by a 501(c)(3...

Hot-Air Balloon Rides in Missouri are Taxable When...

Wednesday, June 19th, 2019 -Missouri recently released a letter ruling addressing the taxation of hot-air balloon rides. The taxpayer was ...

Nevada Exempts Certain Medical Equipment

Monday, June 17th, 2019 -Effective July 1, 2019, Nevada will exempt durable medical equipment, oxygen delivery equipment, and mobility ...

Participatory Sports are Taxable in New York

Friday, June 14th, 2019 -The New York Division of Tax Appeals recently denied a refund claim made by an instructor-led indoor spin clas...

Marketplace Facilitators to Collect Tax in Vermont

Thursday, June 13th, 2019 -Vermont recently passed a bill requiring marketplace facilitators to collect and remit sales tax on retail sal...