SB1837 eliminates the 4% timber buyer harvest fee and the requirement for timber growers to pay 4% of the minimum fair market value of timber.

SB1837 amends the Timber Buyers Licensing Act by removing the requirement for timber buyers to deduct 4% of the purchase price from payments to timber growers. It also removes the obligation for timber growers to pay 4% of the minimum fair market value of timber utilized during a period to the Department of Natural Resources. The bill eliminates these fees to address the issue that the funds are not being used for their original intended purpose of assisting timber growers in replacing harvested timber.

SB1837 eliminates the 4% timber buyer harvest fee and the requirement for timber growers to pay 4% of the minimum fair market value of timber.

SB1837 amends the Timber Buyers Licensing Act by removing the requirement for timber buyers to deduct 4% of the purchase price from payments to timber growers. It also removes the obligation for timber growers to pay 4% of the minimum fair market value of timber utilized during a period to the Department of Natural Resources. The bill eliminates these fees to address the issue that the funds are not being used for their original intended purpose of assisting timber growers in replacing harvested timber.