California Issues Guidance on Lumber Assessment

Wednesday, August 27th, 2014

 
 
An image of lumber.
Share
Link
California
General

The California Board of Equalization recently published guidance on the state assessment (or tax) on lumber products.

California taxes purchases of lumber products and engineered wood products for use in California. The tax rate is 1% of the selling price of the products. The new publication provides instructions for retailers on how to collect and report this tax, including which products are subject to tax and which are not.

Generally, the products subject to tax are building products that are used in construction and that are comprised of at least 10% wood. They include all dimensions and grades of lumber, roofing, siding, lath, plywood, particle board, fiberboard, oriented strand board, laminated veneer lumber, veneer-based sheeting material, and inorganic bonded and wood thermoplastic composites such as plastic lumber and decking. This tax does not, however, apply to products where labor has added significant value to the products, such as furniture, doors, windows, or decorative products. The publication provides lists of specific products that are subject or not subject to tax.

https://www.boe.ca.gov/formspubs/pub256/index.html


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.

Marketplace Facilitators of Software Products to be...

Friday, March 15th, 2019 -The Commissioner of Taxation and Finance in New York released an advisory opinion that determined third partie...

Arkansas Rules on Taxability of Repairs and Labor Related...

Wednesday, March 13th, 2019 -The Arkansas Department of Finance and Administration recently released an administrative decision addressing ...

Studio Room Rental for Photography Sessions is Subject to...

Wednesday, March 6th, 2019 -The Missouri Department of Revenue (DOR) has released a letter ruling addressing the taxability of studio room...

Unprocessed Sand Not Taxable in Texas

Monday, March 4th, 2019 -The Texas Comptroller recently released a private letter ruling that found the mining and selling of unprocess...

California to Require Additional Registration and...

Friday, March 1st, 2019 -California recently released a special notice for out-of-state retailers who are required to register with the...

Guided Hunting and Fishing Trips are Taxable in Washington

Wednesday, February 27th, 2019 -The Washington Department of Revenue recently published guidance stating that guided hunting and fishing trips...