SALT Report 2291 – The Virginia sales and use tax exemption for harvesting forest products has been amended and expanded. Formerly, the exemption only applied to property “necessary” for harvesting. However, this has been changed to property “used” for removing timber or other forest products from the harvesting site, for complying with environmental protection and safety requirements applicable to the harvesting of forest products, for obtaining access to the harvesting site, and loading cut timber or other forest products onto highway vehicles for transportation to storage or processing facilities.
The terms of this Bill are effective July 1, 2013.
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