Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2013
Property Tax Annotations
840.0000 TIMBER YIELD TAX
840.0120 Reporting. In determining quantities of timber for purposes of the timber yield tax, the specified Scribner Decimal C Log Rule is the standard board foot log rule for timber that is measurable by the net board foot method. As white fir timber is typically timber measurable by the net board foot method, it is reportable in MBF. The fact that a taxpayer may contract for the sale or purchase of timber typically measurable by the net board foot method and specify some other method in the contract, such as weight in tons, as the method of measurement/payment is a matter of contract between the taxpayer and the other party. It in no way impacts upon the manner in which quantities of timber for purposes of the timber yield tax are to be determined under Revenue and Taxation Code section 38109 and Property Tax Rule 1022. C 2/4/1994.