RS 3:4341 Levy and collection
PART IV. SEVERANCE TAX ON LAND REFORESTED
§4341. Levy and collection
A severance tax of six percent of value, in lieu of all other taxes, is levied on any forest products grown on lands reforested under contract entered into subsequent to November 2, 1926 between a land owner and the department of conservation, or the forestry commission after July 27, 1926. The tax shall be collected when any forest products on such reforested land are severed, and whenever severed, and it may be so agreed in such contracts. However, at the end of fifty years from the date of any reforestation contract all ad valorem taxes shall be levied on all timber grown thereunder.