BILL · 2007–08 SESSION

SB 6326: Timber industry tax

Restoring the preferential timber industry business and occupation tax rate to the manufacture of environmentally responsible surface material products from recycled paper.

Summary

  • Amends the definition of activities that qualify for the reduced B&O rate to include: "Biocomposite surface products" means surface material products containing, by weight or volume, more than fifty percent recycled paper and that also use nonpetroleum-based phenolic resin as a bonding agent. "Recycled paper" means paper and paper products having fifty percent or more of their fiber content that comes from…

From the Senate Bill Report (SB 6326), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 15, 2008
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Jim Hargrove (D-24)
Introduced
January 15, 2008 in the Senate
Last action
January 15, 2008
Companion bill
HB 2678
Budget
Has a fiscal note

AN ACT Relating to restoring the preferential timber industry business and occupation tax rate to the manufacture of environmentally responsible surface material products from recycled paper;

Sponsors

Prime sponsor: Jim Hargrove (D-24)

Votes

No recorded floor votes. This measure never reached a floor vote.

History

  1. First reading, referred to Ways & Means.

SB 6326 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

Report wrong or missing information on this page