Z-1098.2  _______________________________________________

                          HOUSE BILL 2478

          _______________________________________________

State of Washington      53rd Legislature     1994 Regular Session

By Representatives Foreman and G. Fisher; by request of Department of Revenue

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 one 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.

    (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 shall be liable for a penalty of two hundred fifty dollars for each failure to report, as determined by the department.

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