Form 201 Fp - Forest Products Harvest Tax Return Sample (2004) - Oregon Department Of Revenue Page 5
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42Small Tract
Forestland owners owning 10 to 4,999 acres may apply for a special pro-
gram, the Small Tract Forestland (STF) Option. Under this program, the
Forestland
annual property taxes paid to the county are computed on 20 percent of
the specially assessed value. The remaining tax is paid when the timber is
(STF) Option
harvested, through the STF Severance Tax paid to the Oregon Department
of Revenue.
ORS 321.700-321.722
Owners must apply to the county assessor to be in this program. Applica-
tions must be received by April 1. (See sample application in Appendix E.)
The STF Severance Tax applies to timber harvested from lands classified
Small Tract
under the STF Option. A landowner pays 20 percent of the property tax
Forestland
through the annual property tax system. The remaining 80 percent is paid
as timber is harvested.
(STF) Severance Tax
The tax rates are intended to recover the unpaid property tax projected
ORS 321.726-321.754
over a typical rotation length for an average productivity class. The tax
rate is in terms of dollars per thousand board feet ($/MBF). These tax
rates will be indexed annually at the rate that the specially assessed for-
estland has increased or decreased from one year to the next.
The tax is paid annually to the Oregon Department of Revenue by Janu-
ary 31 for harvested timber that is measured between January 1 and
December 31 of the prior calendar year.
The STF Severance Tax rates for 2004 are $3.03 per thousand board foot
(MBF) for harvests in eastern Oregon, and $3.89 per MBF for harvests in
western Oregon.
For an example of a completed STF Severance Tax return and instructions,
see Appendix B.
This tax became effective on July 1, 1947. The Forest Products Harvest Tax is
Forest Products
paid on timber cut from all land in Oregon. Revenue from the tax supports:
Harvest Tax
• The Forest Research Laboratory at Oregon State University;
• Emergency firefighting funds for lands protected by the State of Oregon;
ORS 321.005
• The Oregon Department of Forestry to administer the Forest Practices
Act on private land; and
• Operations of the Oregon Forest Resources Institute.
The tax is paid annually to the Oregon Department of Revenue by Janu-
ary 31 for harvested timber that is measured between January 1 and
December 31 of the prior calendar year. The tax does not apply to the first
25 thousand board feet (MBF) harvested each calendar year. The tax rate
can change annually due to balances in the emergency firefighting fund
and needs of other programs. The rate ($2.95 per MBF in 2004; $2.85 per
MBF in 2005) is reviewed each legislative session.
For an example of a completed tax return and instructions, see Appendix A.
5
150-441-409 (Rev. 2-05)
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