. Protecting and enhancing America's forests and rangelands : 1986 research accomplishments. Forests and forestry United States; Rangelands United States. Status of Optional Yield Taxes Ad valorem property taxes have long been criticized as a method of taxing forest properties because they impose an annual tax on both land and timber even though most forest properties do not provide annual income. In response to this criticism, several States have enacted optional yield tax laws, which attempt to encourage better forest management by deferring all timber taxes until timber is actually harveste
. Protecting and enhancing America's forests and rangelands : 1986 research accomplishments. Forests and forestry United States; Rangelands United States. Status of Optional Yield Taxes Ad valorem property taxes have long been criticized as a method of taxing forest properties because they impose an annual tax on both land and timber even though most forest properties do not provide annual income. In response to this criticism, several States have enacted optional yield tax laws, which attempt to encourage better forest management by deferring all timber taxes until timber is actually harvested. At present, 9 States have a total of 11 such statutes. These laws were recently studied under the terms of a cooperative agreement involving economists from the Southern Station and North Carolina State University. Major objectives of the study were (1) to determine the extent to which each piece of legislation was being used, and (2) to identify what, if any, administrative problems were being encountered. The results indicated that only four of the programs— those of Massachusetts, Michigan, Missouri, and Wisconsin--had succeeded in attracting a substantial number of participants. The principal reason for the generally low levels of landowner acceptance seemed to be (1) absence of an obvious tax advantage, (2) severe eligibility restrictions, (3) unawareness of all relevant tax options, (4) reluctance to relinquish control over certain management decisions, and (5) unwillingness to allow free public access to enrolled acreage. These findings were used by the investigators to formulate several recommendations for improving program The owner of this 17-year-old pine plantation in Mississippi and his consulting forester have plenty to smile about. A pulpwood cut removed about 20 percent of the stems, providing interim income to the owner, and the remaining trees will bring top prices in a few more years. Tax treatment of standing timber greatly influences ho
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