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HOUSE BILL 2478
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AS AMENDED BY THE SENATE
Passed Legislature - 1994 Regular Session
State of Washington 53rd Legislature 1994
Regular Session
By
Read first time 01/17/94. Referred to Committee
on Revenue.
Requiring reporting to the
department of revenue by purchasers of timber and logs.
AN ACT Relating to
reporting sales of timber stumpage and logs; adding a new section to chapter
84.33 RCW; and prescribing penalties.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF
WASHINGTON:
NEW SECTION. Sec.
1. A new section is added
to chapter 84.33 RCW to read as follows:
(1) A purchaser of
privately owned timber in an amount in excess of two hundred thousand board
feet in a voluntary sale made in the ordinary course of business shall, on or
before the last day of the month following the purchase of the timber, report
the particulars of the purchase to the department.
(2) The report required
in subsection (1) of this section shall contain all information relevant to the
value of the timber purchased including, but not limited to, the following, as
applicable: Purchaser's name and address, sale date, termination date in sale
agreement, total sale price, total acreage involved in the sale, net volume of
timber purchased, legal description of the area involved in the sale, road
construction or improvements required or completed, timber cruise data, and
timber thinning data. A report may be submitted in any reasonable form or, at
the purchaser's option, by submitting relevant excerpts of the timber sales
contract. A purchaser may comply by submitting the information in the
following form:
Purchaser's name:................................................
Purchaser's address:.............................................
Sale date:.......................................................
Termination date:................................................
Total sale price:................................................
Total acreage involved:..........................................
Net volume of timber
purchased:..................................
Legal description of sale
area:..................................
Property improvements:...........................................
Timber cruise data:..............................................
Timber thinning data:............................................
(3) A purchaser of
privately owned timber involved in a purchase described in subsection (1) of
this section who fails to report a purchase as required may be liable for a
penalty of two hundred fifty dollars for each failure to report, as determined
by the department.
(4) This
section shall expire March 1, 1997.
