CHAPTER 2. Imposition of the Tax

Chapter 2 added by Stats. 1976, Ch. 176.

§§ 38115–38116 · 2 sections

• § 38115 A timber yield tax is hereby imposed on every timber owner who harvests his timber or causes it to be harvested on or after April 1, 1977, and on every timber…
• § 38116 (a) Subject to the limitation in subdivision (b), there is exempted from the tax imposed by this part timber whose immediate harvest value is so low that, if…