58.1-1604 - Tax rates.
§ 58.1-1604. Tax rates.
The tax hereby imposed shall be assessed at the following rates:
1. On pine lumber in its various sizes and forms, including railroad switchties, bridge timber, and dimension stock, the rate per 1000 board feetmeasure shall be $1.15; or at the election of the taxpayer, 20 cents per tonof logs received.
2. On hardwood, cypress and all other species of lumber the rate per 1000board feet measure shall be 22 1/2" cents "; or at the election of the taxpayer, 4cents per ton of logs received.
3. On timber sold as logs and not converted into lumber or other products inthe Commonwealth, the rate per 1000 feet log scale, International 1/4" KerfRule, shall be $1.15 on pine; and 22 1/2 cents on other species; or at theelection of the taxpayer, 20 cents per ton of pine logs received; and 4 centsper ton of logs of other species received.
4. On logs to be converted into veneer the rate per 1000 board feet logscale, International 1/4" Kerf Rule, shall be $1.15 for pine and 22 1/2 centsfor other species; or at the election of the taxpayer, 20 cents per ton ofpine logs received; and 4 cents per ton of logs of other species received.
5. On pulpwood, excelsior wood, chemical wood, bolts or billets, fuel wood,tanbark, and other products customarily sold by the cord, the rate perstandard cord of 128 cubic feet shall be 47 1/2 cents for pine, 11 1/4 centsper cord on all other species; or at the election of the taxpayer, 20 centsper ton of pine logs received; and 4 cents per ton of logs of other speciesreceived.
6. On chips manufactured from roundwood and customarily sold by the pound,the rate per 100 pounds shall be 0.986 cents for pine, and 0.234 cents forother species.
7. On railroad crossties the rate per piece shall be 3 8/10 cents on pine,and one cent on all other species; or at the election of the taxpayer, 20cents per ton of pine logs received; and 4 cents per ton of logs of otherspecies received.
8. On posts, mine ties, mine props, round mine collars, and other types oftimber used in connection with mining and ordinarily sold by the piece, therate per 100 pieces shall be as follows: 38 cents for pine, and 9 cents forother species, where each piece is 4' or less in length; 61 3/4 cents forpine and 14 1/4 cents for other species, where each piece is more than 4' butnot over 8' in length; and 76 cents for pine and 18 cents for other species,where each piece is more than 8' in length. If the taxpayer so elects, he maypay the taxes due on the above forest products at the rate of $1.045 for pineand 24 3/4 cents for other species, per 1000 lineal feet; or at the electionof the taxpayer, 20 cents per ton of pine logs received; and 4 cents per tonof logs of other species received.
9. On piling and poles of all types the rate shall equal 2.31 percent ofinvoice value f.o.b. loading out point; or at the election of the taxpayer,20 cents per ton of pine logs received; and 4 cents per ton of logs of otherspecies received.
10. On keg staves the rate per standard 400-inch bundle shall be 3 8/10 centsfor pine and 1 1/2 cents for other species; the rate per 100 keg heads shallbe 11 5/10 cents on pine and 4 1/2 cents for other species; and on tightcooperage, 4 1/2 cents per 100 staves and 9 cents per 100 heads; or at theelection of the taxpayer, 20 cents per ton of pine logs received; and 4 centsper ton of logs of other species received.
11. On any other type of forest product not herein enumerated, severed orseparated from the soil, the Commissioner shall determine a fair unit taxrate, based on the cubic foot wood volume relationship between the productand the cubic foot volume of 1000 feet board measure of pine when the productis pine, or on the unit rate of cedar or hardwood lumber when the product isa species other than pine.
(Code 1950, § 58-838.5:2; 1971, Ex. Sess., c. 179; 1978, c. 72; 1981, c. 372;1984, cc. 675, 715; 1998, c. 420.)