Code of Virginia - Title 58.1 Taxation - Chapter 16 Forest Products Tax

58.1-1600 Short title
This chapter shall be known and may be cited as the "Forest Products Tax Act." (1984, c. 675.) ...

58.1-1601 Definitions
As used in this chapter, unless the context clearly shows otherwise, the term or phrase: "F.o.b. loading out point" means loaded on a railroad car, ...

58.1-1602 Levy of tax for forest conservation
To provide further for the conservation of the natural resources of the Commonwealth by the protection and development of forest resources and reforestation of forest ...

58.1-1603 Lien
Such tax, together with interest and penalties imposed by this chapter, shall be a lien upon the forest products so severed or assembled for shipment, ...

58.1-1604 Tax rates
The tax hereby imposed shall be assessed at the following rates: 1. On pine lumber in its various sizes and forms, including railroad switch ties, ...

58.1-1605 Alternative for rates
On or before November 1, in the last year of each biennium, the State Forester shall submit to the Governor a report of the total ...

58.1-1606 Optional rates for certain manufacturers and severers
Notwithstanding the provisions of §§ 58.1-1604 and 58.1-1605, any manufacturer of rough lumber who during any one calendar year, manufactures 500,000 or less board feet ...

58.1-1607 Limitation on tax for certain manufacturers taxable under { 58.1-1605
Manufacturers taxed pursuant to the provisions of § 58.1-1605 shall not in any one calendar year of a biennium be liable for a tax under ...

58.1-1608 Exemptions
A. The tax levied by this chapter shall not apply to individual owners of timber who occasionally sever or cut such timber from their own ...

58.1-1609 Payment, collection, and disposition of tax
A. All taxes collected by the Department pursuant to § 58.1-1604 shall be paid into the state treasury. The Comptroller shall credit as special revenues, ...

58.1-1610 Alternative payment, collection and disposition of tax
A. All taxes collected by the Department of Taxation pursuant to § 58.1-1605 shall be paid into the state treasury. The Comptroller shall credit such ...

58.1-1611 Allocation of tax to localities
Notwithstanding the provisions of §§ 58.1-1609 and 58.1-1610, fifty percent of tax collected within any county or city shall be allocated for expenditure within such ...

58.1-1612 Returns to be filed by manufacturer; time of payment of tax
Every manufacturer, within thirty days after the expiration of each quarter, expiring respectively on the last day of March, June, September, and December of each ...

58.1-1613 Returns and payment of tax on unmanufactured products shipped or sold for shipping out of the Commo...
Every shipper of forest products who ships such products out of this Commonwealth in an unmanufactured condition, or sells such products for shipment out of ...

58.1-1614 Reports to be made by shipper of forest products
A. When requested by the Commissioner, all transporters of forest products out of, within, or across the Commonwealth shall be required to furnish the Commissioner ...

58.1-1615 When Department may make return for delinquent taxpayer; penalty
If any person fails to make any return herein required, the Department may issue written notice, by registered mail, to such person to make such ...

58.1-1616 Absconding taxpayer
If the Department finds that a person liable for tax under any provision of this chapter designs quickly to depart from the Commonwealth or to ...

58.1-1617 Records to be kept
It shall be the duty of every manufacturer in this Commonwealth and of every shipper who shall ship forest products out of this Commonwealth in ...

58.1-1618 Penalty for failure to make return, keep records, or permit examination of records
Any person subject to the provisions of this chapter who fails to make the returns, refuses to permit examination of his records by the Department ...

58.1-1619 Penalty and interest for failure to pay tax when due
Any person who fails to pay the tax herein levied within the time required by this chapter shall pay, in addition to the tax a ...

58.1-1620 Refunds and deficiency payments; penalty for deficiency
As soon as practicable after the return is filed, the Department shall examine it and ascertain the proper amount of the tax due as shown ...

58.1-1621 Proceedings in case of previous incorrect payments
Whenever the Department, in examining and auditing the records of any taxpayer, or from other information, shall ascertain that the amount, or amounts, previously paid ...

58.1-1622 Remedy of aggrieved taxpayer; limitation
Any taxpayer aggrieved by an assessment made by the Department under this chapter, may apply for correction under Chapter 18, Article 2 (§ 58.1-1820 et ...