Bill > SB1837

This bill eliminates the 4% timber buyer harvest fee previously required in the Timber Buyers Licensing Act. The legislative intent behind this change is that the 4% fee was not being fully utilized for its original purpose of assisting timber growers in replacing harvested timber. Specifically, the bill removes provisions that previously required timber buyers to deduct 4% from timber purchase payments and forward that amount to the Department of Natural Resources, and eliminates requirements for timber growers to pay 4% of the minimum fair market value when utilizing timber produced on their own land. The bill also makes corresponding changes to reporting requirements and penalty sections related to these fees. By removing these financial obligations, the legislation aims to simplify timber transactions and reduce administrative burdens for timber buyers and growers. The bill will impact how timber sales are conducted in Illinois by removing the mandatory 4% fee that was previously collected and redistributed through the Illinois Forestry Development Fund.

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1837&GAID=18&DocTypeID=SB&SessionID=114&GA=104