Revised Code of Washington - RCW Title 84 Property Taxes - Section 84.33.088 Reporting requirements on timber purchase

§ 84.33.088. Reporting requirements on timber purchase

(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 as required in subsection (2) of this section.

(2) The report required in subsection (1) of this section must 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 expires July 1, 2010.

[2007 c 47 § 1; 2003 c 315 § 1; 2001 c 320 § 16.]

Notes:
     Effective date -- 2007 c 47: "This act is necessary for the immediate preservation of the public peace, health, or safety, or support of the state government and its existing public institutions, and takes effect July 1, 2007." [2007 c 47 § 2.]

     Effective date -- 2001 c 320: See note following RCW 11.02.005.

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Last modified: April 7, 2009