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Library Impact of Federal and State Income Tax Liabilities on Timber Investments in the West

Impact of Federal and State Income Tax Liabilities on Timber Investments in the West

Impact of Federal and State Income Tax Liabilities on Timber Investments in the West

Resource information

Date of publication
декабря 2008
Resource Language
ISBN / Resource ID
AGRIS:US201300912795
Pages
121-126

Federal and state income taxes are calculated for hypothetical forest landowners in two income brackets across 13 states in the West to illustrate the effects of differential state tax treatment. The income tax liability is calculated in a year in which the timber owners harvest $200,000 worth of timber. State income taxes range from highs of $19,693 for middle-income and $34,993 for high-income landowners in Oregon to no income tax in Alaska, Nevada, Washington and Wyoming. After-tax land expectation values for a forest landowner in Oregon are also calculated to illustrate the importance of tax planning on returns to a timber investment. The need for adequate tax accounting is supported by the results.

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Authors and Publishers

Author(s), editor(s), contributor(s)

Smith, N.R.
Bailey, P.
Haney, H. Jr.
Salbador, D.
Greene, J.

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