Louisiana Revised Statutes 3:4341
Part IV. Severance Tax on
Land Reforested
§4341. Levy and collection
A severance tax of six percent of value, in lieu of all other
taxes, is levied on any forest products grown on lands reforested
under contract entered into subsequent to November 2, 1926 between a
land owner and the department of conservation, or the forestry
commission after July 27, 1926. The tax shall be collected when any
forest products on such reforested land are severed, and whenever
severed, and it may be so agreed in such contracts. However, at the
end of fifty years from the date of any reforestation contract all
ad valorem taxes shall be levied on all timber grown thereunder.
§4342. Availing of limitation of taxation
Land owners who have prior to November 2, 1926 entered into
contracts with the commission's predecessor, the department of
conservation, for the reforestation of denuded lands may avail
themselves of the limitation of taxation fixed in this Part by
formally declaring before a notary public before the expiration of
the period of time fixed in the contract that they desire to come
within the terms of this Part and filing such declaration with the
commission and recording it in the records of the parish in which
the lands are located.
§4343. Disposition of tax; valuation of
severed forest products
The tax levied and collected under the provisions of this Part
shall be dedicated and administered in accordance with the
provisions of Article X, Section 21(2) of the Constitution as
amended. No contract shall provide the mode of arriving at the
future value of timber which shall be left to be prescribed by law.
Until otherwise prescribed by law the commission shall fix the value
of severed forest products and timber upon which the tax herein
provided is levied, which shall be at the market price at the time
and place where severed and which shall be approved by the governing
authority of the parish and the Louisiana tax commission.
Amended by Acts 1952, No. 137,§ 1.
§4344. Disposition of the state's portion of the
tax
A. Subject to the exceptions contained in Article VII, Section 9
of the Constitution of Louisiana, the portion of the timber
severance tax allocated to the state by Article VII, Section (4)(D)
of the Constitution of Louisiana shall be paid into the state
treasury and shall be credited to the Bond Security and Redemption
Fund.
B. REPEALED BY ACTS 1992, No. 984,§ 18.
C. REPEALED BY ACTS 1992, No. 984,§ 18.
Added by Acts 1982, No. 487,§ 1, eff. Jan. 1, 1983. Acts
1984, No. 281,§ 1, eff. July 1, 1984; Acts 1992, No. 984,§ §2 and
18.
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