Or. Admin. R. 150-321-0560 - Timber Harvest Records

Every owner must keep records of harvested timber that is subject to the Small Tract Forestland Severance Tax and the Forest Products Harvest Tax. These records must be retained as described in OAR 150-321.609(2)-(D). Timber harvest records required to be retained include:

(1) Contractual or financial agreements relative to the ownership and harvest of timber.
(2) Location of the harvest unit, including a map of the unit.
(3) The quantity of harvested timber.
(4) Log brands used by location and date.
(5) Log load trip tickets by harvest unit by accounting period.
(6) Original records of scaling, measuring, and grading of forest products harvested.
(7) Any other bills, receipts, invoices, data processing tapes, or other documents of original entry supporting the entries in the books of account, as well as all schedules and work papers used in the preparation of the tax returns.

Notes

Or. Admin. R. 150-321-0560
12-31-77, 12-31-79, Renumbered from 150-321.342; 12-31-80, Renumbered from 150-321.342(2)-(A); RD 8-1988, f. 12-19-88, cert. ef. 12-31-88; RD 3-1996, f. 12-23-96, cert. ef. 12-31-96; REV 4-2004, f. 7-30-04 cert. ef. 7-31-04; Renumbered from 150-321.609(2)-(A), REV 70-2016, f. 8-15-16, cert. ef. 9/1/2016

Stat. Auth.: ORS 305.100 & 321.609

Stats. Implemented: ORS 321.609

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