N.H. Admin. Code § Rev 3406.01 - Assessment of Yield Tax

(a) The yield tax shall be based upon 10% of the stumpage value of the amount of wood or timber cut.

(b) The yield tax shall be assessed by the municipal assessing officials within 30 days of receipt of the Form PA-8.

(c) In determining the stumpage value of the wood or timber cut, the municipal assessing officials shall take into consideration factors such as, but not limited to:

(1) Location of the wood or timber;

(2) Quality of the wood or timber;

(3) The size of the sale of the wood or timber;

(4) Other factors that may be necessary to harvest the wood or timber;

(5) Contract prices paid to the owner for wood or timber; and

(6) The average stumpage value list as published by the DRA.

(d) If the owner fails to comply with the requirements of RSA 79:11, pertaining to reporting the amount of wood or timber cut, the assessing officials shall assess doomage in accordance with RSA 79:12.

Notes

N.H. Admin. Code § Rev 3406.01

Amended byVolume XXXIV Number 37, Filed September 11, 2014, Proposed by #10664, Effective 9/4/2014, Expires9/4/2024 . Amended by Number 32, Filed August 8, 2024, Proposed by #14026, Effective 7/16/2024, Expires 7/16/2034.