La. Admin. Code tit. 7 § XXXIX-103

Current through Register Vol. 50, No. 11, November 20, 2024

Section XXXIX-103 - Calculation of Current Average Stumpage Market Value

A. The current average stumpage market value of timber and pulpwood, unless otherwise provided by law, shall be based exclusively on sales of timber and pulpwood in the first two quarters of the year in which the commissions are to meet and in the last two quarters of the preceding year as reported to the Louisiana Department of Revenue and Taxation and as published in the Quarterly Report of Forest Products by the Louisiana Department of Agriculture and Forestry.

B. The current average stumpage market value of both timber and pulpwood shall be calculated by use of generally accepted statistical methods that take into account both quantity and price paid for the various forest products.

C. Upon receipt and verification of the sales of timber and pulpwood for the second quarter of the year in which the commissions are to meet the Louisiana Department of Agriculture and Forestry, Office of Forestry shall prepare a recommendation to the commissions as to the current average stumpage market value of each category and subgroup of timber and pulpwood based on the date and method of calculation authorized by Subsections A and B of this Section.

La. Admin. Code tit. 7, § XXXIX-103

Promulgated by the Department of Agriculture and Forestry, Forestry Commission and the Department of Revenue, Tax Commission, LR 24:2075 (November 1998).

AUTHORITY NOTE: Promulgated in accordance with R.S. 3:4274 and R.S. 47:1837.