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1231 Property is a category of property defined in section 1231 of the U.S. Internal Revenue Code. [1] 1231 property includes depreciable property and real property (e.g. buildings and equipment) used in a trade or business and held for more than one year.
Sales tax; State and local tax deduction ... Decoupling modification is a tax terminology resulting from the federal tax law enacted ... Cutting of timber 6 5 32.20 ...
Tax rates vary widely by jurisdiction from less than 1% to over 10%. Sales tax is collected by the seller at the time of sale. Use tax is self assessed by a buyer who has not paid sales tax on a taxable purchase. Unlike value added tax, sales tax is imposed only once, at the retail level, on any particular goods. Nearly all jurisdictions ...
In 1989, annual timber harvest revenue on federal forest land nationwide peaked at $1.5 billion. [27] Following that year, the impact of overharvesting and increased environmental concerns began to negatively impact timber sales on the O&C lands. [7] In 1994, the federal Northwest Forest Plan was implemented.
Governmental agencies are generally responsible for planning and implementing forestry laws on public forest lands, and may be involved in forest inventory, planning, and conservation, and oversight of timber sales. [6] Forestry laws are also dependent on social and economic contexts of the region in which they are implemented. [7]
The General Revision Act (sometimes Land Revision Act) of 1891, also known as the Forest Reserve Act of 1891, was a federal law signed in 1891 by President Benjamin Harrison. The Act reversed previous policy initiatives, such as the Timber Culture Act of 1873, which did not preclude land fraud by wealthy individuals and corporations. [1]
The highest sales tax in Washington is on liquor. The spirits sales tax is 20.5% of the value of the product purchased [216] and a $3.7708 per liter spirits liter tax is assessed on spirits sold to consumers. [217] 1 April 2008 saw tax increases in King County (+.001), Kittitas County (+.003), Mason County (+.001), and the city of Union Gap ...
The Multiple-Use Sustained-Yield Act of 1960 (or MUSYA) (Public Law 86-517) is a federal law passed by the United States Congress on June 12, 1960. This law authorizes and directs the Secretary of Agriculture to develop and administer the renewable resources of timber, range, water, recreation and wildlife on the national forests for multiple use and sustained yield of the products and services.