N.H. Admin. Code § Rev 3407.01 - Exemptions
Owners shall be exempt from filing Form PA-7 and shall be exempt from the yield tax pursuant to the following:
(a) The exemptions and amounts provided in
RSA
79:1, II(b) shall be per
owner per tax year allowing an owner, without filing an intent, to:
(1) Cut up to 15,000 board feet of logs that
will be used exclusively in the construction, reconstruction, or alteration of
buildings, structures, or fences that remain under the landowner's
ownership;
(2) Cut up to 30 cords
of fuel wood for their own consumption for domestic fuel purposes;
(3) Cut for an unlimited amount of fuel wood
for their own purposes in the manufacture of maple syrup or sugar;
and
(4) Cut up to 15,000 board feet
of logs and 30 cords of wood and 300 tons of whole tree chips, for the purpose
of converting land, so long as all required permits have been secured as
necessary for the use to which the land will be converted and the land is
located within one municipality;
(b) Owners who otherwise would be exempted
under RSA 79-:1, II (b)(5) and
Rev
3407.01 (a)(4) shall lose that
exemption entirely and shall complete and file Form PA-7 and pay the yield tax
on all wood and timber cut if the volume cut within the tax year exceeds any of
the following limits: 15,000 board feet of logs, 30 cords of wood, and 300 tons
of whole tree chips;
(c) Any
cutting for clearing or maintaining rights-of-way, or water storage reservoirs,
as described in RSA 79:1, II (b)(4), shall be exempt from filing Form PA-7 and
the yield tax, provided that the wood and timber cut is:
(1) Not sold; or
(2) Bartered; and
(d) Any cutting on public lands, provided
that the wood and timber cut is under the ownership or jurisdiction and for the
use of:
(1) The federal government;
(2) The state government;
(3) Municipalities;
(4) School districts; or
(5) Counties.
Notes
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