Harvest Value Schedule - California State Board Of Equalization (Page 2 of 6) in pdf

INSTRUCTIONS

AVERAGE VOLUME PER LOG (AV/L) - The taxpayer determines the average net volume per 16’ log (AV/L) for those species

requiring a quality code. The average volume per log is determined from the quarterly volume within the harvest operation, and is

calculated by dividing the net Scribner volume for the species by the number of sixteen foot short-log scaling segments. The number

of scaling segments may be determined by dividing the total number of linear feet by 16. Cull logs are excluded when making this

determination, however small sawlogs (SSM) should be included. When the AV/L is determined from a cruise or other statistical

sample prior to logging, it shall remain fixed for reporting purposes during the life of the operation.

TABLES - Harvest value tables provide the taxpayer with information necessary for reporting the timber yield tax. The following

are included: Table 1 for valuing Miscellaneous Harvest Values, Table G for green timber, and Table S for salvage timber. The

prices are expressed as a dollar amount per thousand (M) board feet or other unit of measure. Species codes and units of measure are

shown in the tables for preparation of the Timber Tax Harvest Report. Adjustments to value may be available, if the requirements in

the “VALUE ADJUSTMENTS” instructions are met.

VALUE ADJUSTMENTS - Low volume harvests may qualify for reduction of harvest value. Volume criteria and adjustment

amounts are shown at the bottom of Tables S and G. There are no value adjustments for Table 1, Miscellaneous Harvest Values. The

small total volume adjustment is available to all qualifying timber harvest operations. The low average volume per acre adjustment is

only available to green timber found in Table G; both adjustments may be used if the operation meets the applicable criteria. To

determine the average net volume per acre, divide the total net volume harvested during the reporting quarter by the actual acres

harvested.

EXEMPT TIMBER – Timber removed from a timber harvest operation whose immediate harvest value does not exceed $3000 in a

quarter is exempt from timber yield tax. If line 21 of a harvest report is not greater than $3000 for an operation, do not carry the value

forward to the tax return; instead write “EXEMPT” in large letters across the face of the harvest report. If all of your operations

harvested for the quarter qualify for this exemption, enter zero in column 4 on line 10 of the tax return, sign, and file the return along

with the harvest reports, according to instructions. If you have both exempt and taxable operations, transfer only the value

information from the taxable operations to the tax return and follow the instructions for completing and filing a return.

FOR MORE INFORMATION

If you need general information about the timber yield tax, or help completing your timber tax forms, you may call the Board’s 800

Number Information Center. Customer service representatives are available to help you Monday through Friday (except State

holidays), from 8:00 A.M. to 5:00 P.M. (Pacific time).

Call 800-400-7115

For TDD assistance (telephone device for the deaf), call: 800-735-2929 (from TTD phones), or 800-735-2922

For specific information about your account or tax reporting requirements, you may write, call or fax:

Timber Tax Section, MIC: 60

State Board of Equalization

PO Box 942879, Sacramento, CA 94279-0060

phone 916-445-6964 or fax 916-324-2757

PRIVACY NOTICE - INFORMATION FURNISHED THE BOARD OF EQUALIZATION IS HELD CONFIDENTIAL

The Information Practices Act of 1977 requires this agency to provide the following notice to individual taxpayers who are asked by the State Board of Equalization to

supply information:

The principal purpose for which the requested information will be used is to administer the California Timber Yield Tax Law. This includes the determination and

collection of the correct amount of tax.

An individual taxpayer has the right of access to personal information about himself or herself in records maintained by the State Board of Equalization. The Board

official responsible for maintaining Timber Tax Information is the County Property Tax Division Chief, Property Taxes Department, 450 N Street, Sacramento, CA

95814, Telephone 916-445-6964.

The California Revenue and Taxation Code, Part 18.5 (Timber Yield Tax), requires individuals and other persons meeting certain requirements to file applications for

registration and tax returns in such form as prescribed by the State Board of Equalization.

It is mandatory that such individuals and other persons furnish all the required information requested by applications for registration, tax returns and other related data,

except that the furnishing of social security numbers by individual applicants for Timber Yield Tax Accounts is voluntary. In addition, the law provides penalties for

failure to file a return, for failure to furnish specific information required, for failure to supply information required by law or regulations, and for furnishing fraudulent

information.

Information individuals and other taxpayers furnish to the State Board of Equalization may be given to federal, state and local government agencies as authorized by

law.

Harvest Value Schedule - California State Board Of Equalization Page 2

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