FINAL BILL REPORT

SB 5806

This analysis was prepared by non-partisan legislative staff for the use of legislative members in their deliberations. This analysis is not a part of the legislation nor does it constitute a statement of legislative intent.

C 240 L 13

Synopsis as Enacted

Brief Description: Repealing an obsolete provision for a credit against property taxes paid on timber on public land.

Sponsors: Senators Smith, Rolfes, Pearson and Hargrove.

Senate Committee on Ways & Means

House Committee on Finance

Background: Under current law, a credit against the timber tax is provided for property taxes paid on privately owned timber standing on public land. However, in 2004, the Legislature passed a bill that exempts all timber from the property tax. Therefore, the credit provided is obsolete and unnecessary.

Summary: The property tax credit for taxes paid on privately owned timber standing on public lands is repealed.

Votes on Final Passage:

Senate	49	0
House	97	0

Effective:

July 28, 2013.