Last edited by Kilkis
Monday, May 11, 2020 | History

4 edition of Federal timber sales found in the catalog.

Federal timber sales

United States. General Accounting Office

Federal timber sales

process for appraising timber offered for sale needs to be improved : report to congressional requesters

by United States. General Accounting Office

  • 149 Want to read
  • 1 Currently reading

Published by U.S. General Accounting Office in Washington, DC .
Written in English

    Subjects:
  • Forest reserves -- United States -- Management,
  • Forests and forestry -- Government ownership -- Economic aspects,
  • United States -- Forest policy -- History

  • Edition Notes

    Other titlesProcess for appraising timber offered for sale needs to be improved, Federal timber sales appraisals
    StatementUnited States General Accounting Office.
    ContributionsUnited States. Congress. House. Committee on Appropriations. Subcommittee on Dept. of the Interior and Related Agencies., United States. General Accounting Office. RCED.
    The Physical Object
    Pagination50 p. :
    Number of Pages50
    ID Numbers
    Open LibraryOL14540943M
    OCLC/WorldCa22157043

    Legislative Assistance To deal with this situation in the timber industry, the Federal Timber Contract Payment Modification Act (16 U.S.C. )-Buy-Out Act-was enacted on Octo The act pertained to “high-priced” Forest Page 2 GAO/RCED Federal Timber Sales. The Impact of Reserve Prices in Sealed Bid Federal Timber Sale Auctions Article (PDF Available) in Forest Science 44(4) November with 82 Reads How we measure 'reads'.

      LEV: Hi and welcome to Just Answer! Timber rights are the ownership of the marketable trees on a particular property. Similarly - mineral rights ("mineral interest") - are the ownership of the marketable minerals that are extracted from the land. Both are parts of an estate in real property.5/5(K). 2 Section (a) or (b) you do not pay Social Security tax. If you report the timber sale as ordinary income you will have to pay the % self-employment tax. Question: “I have an active farming operation and report farm income.I do sell timer from my woodlot now and Size: 80KB.

      The s and '70s brought a bevy of federal laws that complicated timber sales and were used by environmental groups to preserve what intact forest was left. The listing of the spotted owl as threatened under the Endangered Species Act in felt like a death knell to timber-dependent communities, but much had preceded it that led to the. Timber Sales in this book are from state trust lands, managed to help build K public schools, state universities, colleges, prisons, mental hospitals, the state Capitol; and to support local services in many counties. Top left: State Forest Lands are managed to provide revenue to the counties in which they are located such as.


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Federal timber sales by United States. General Accounting Office Download PDF EPUB FB2

Timber Sale, Stewardship, and Forest Products Contracts and Permits. The Forest Service sells timber and special forest products on a variety of contract and permit forms based on the complexity and/or value of the sale.

Guidance for the use of these forms can be found in Forest Service Handbook (FSH)Chap Sections 53 and Stumpage sales are reported on Schedule D of Form If held for more than one year the sale is reported in Part II. The following information is reported in the columns: (a) “sale of standing timber,” (b) date you acquired the forest land with timber, (c) date you sold the timber and received payment, (d) amount received.

You can find complete instructions on how to fill out these reports in the FSH - Timber Sale Preparation Handbook, Chap in your Property Sales Assistance Program Source Book.

(2) The contracting officers for the various USFS market areas are required to send you a USFSReport of Timber Sale, for every timber sale offered. For purposes of this paragraph, the term “net book worth” does not include the value of any outstanding uncut Federal timber sales contracts.

(C) Net book worth shall be, subject to agency verification, as determined by an independent certified public accountant in accordance with generally accepted accounting standards for the timber industry. Use Form T (Timber), Forest Activities Schedule, to provide information on timber accounts when a sale or deemed sale under sections (a), (b), or other exchange has occurred during the tax year.

For additional information regarding federal income tax rules for reporting forest-related activities, see the following publications. FOR TIMBER SALES CERTIFICATION OF ELIGIBILITY TO BID ON STATE TIMBER Any bidder who has within a 3 year period preceding a bid had one or more federal, state, or local timber sales terminated for cause or default must submit an explanation, in writing, with their bid for consideration by STATE.

Any such explanations shall be submitted at. Federal Timber Sales: Forest Service Could Improve Efficiency of Field-Level Timber Sales Management by Maintaining More Detailed Data [United States Government Accountability] on *FREE* shipping on qualifying offers.

Federal Timber Sales: Forest Service Could Improve Efficiency of Field-Level Timber Sales Management by. Get this from a library. Federal timber sales policies: report submitted to the Senate Committee on Interior and Insular Affairs by its Subcommittee on the Legislative Oversight Function, pursuant to Public Law no.79th Congress (Legislative Reorganization Act of31 U.S.C.

60). [United States. Congress. Senate. Committee on Interior and Insular Affairs. The Forest Service stewards an impressive portfolio of landscapes across million acres of National Forests and Grasslands in the public trust. The agency’s top priority is to maintain and improve the health, diversity, and productivity of the nation’s forests and grasslands to meet the needs of current and future generations.

Forest. July July Auction Book # - pdf FSC® - This sale, or a portion of this sale, is certified under the Forest Stewardship Council® US Forest Management Standard (cert no: BV-FM/COC). SFI® - This sale is certified under the Sustainable Forestry Initiative® Forest Management Standard (cert no: PwC-SFIFM).

In fact, the “supply” from national forests is more than just good. Last year, the Forest Service received no bids on percent of the timber if offered, up from percent that received Author: Mike Garrity.

government agency that may affect the operability of these timber sales. Such regulatory actions or orders include, but are not limited to, actions taken pursuant to the State Forest Practices Act, Chapter RCW, and the Federal Endangered Species Act, 16 U.S.C.

§§ Please see timber sale contract clauses G and G for further. Get this from a library. Federal timber sales contracts extensions and terminations: hearings before the Subcommittee on Forests, Family Farms, and Energy of the Committee on Agriculture, House of Representatives, Ninety-seventh Congress, first session, on H.R.

and H.R.Octo and NovemWashington, D.C., December 3,Roseburg. Contact the Sale Administrator and go through out on site or at an alternate location. Complete the pre-work session at a Land and Minerals Department Office. Read through Contractor Pre-work Session Online Module (below).

Please print off the questions at the end and send us your answers via postal mail, email, fax, or drop off at the Contract. In the early s, Senator Wyden could have made the alternative of straight federal funding instead of timber sale payments an entitlement—like Social Security or Medicare—for the TACs.

The TACs turned it down. It had to be federal money from federal timber sales, or they would fight on. They did fight on, but now they are losing the fight. Excerpt from Competition for Federal Timber in the Pacific Northwest: An Analysis of Forest Service and Bureau of Land Management Timber Sales Bid-appraisal ratios for large firms and all others in Bureau of Land Manage ment master units where both buyer groups purchased timber, west side.

About the Publisher Forgotten Books publishes hundreds of thousands of rare and Author: Walter J Mead. (B) For purposes of this paragraph, the term "net book worth" does not include the value of any outstanding uncut Federal timber sales contracts.

(C) Net book worth shall be, subject to agency verification, as determined by an independent certified public accountant in accord- ance with generally accepted accounting standards for the timber.

timber and its “basis.” Basis is the book value of the timber. It’s usually determined by how much you paid for the timber. In the case of an inheritance, it is the fair market value of the timber on the date the person leaving it to you died.

The estate’s records must be reviewed to make this determination. If youFile Size: KB. But federal forests in Washington have dramatically curtailed their timber sales in the s because of court rulings, policy changes and special protections for the northern spotted owl, which Author: George Erb.

timber sales. Capitalization is the process of writing costs in an account so they may be recovered (deducted) in the future when the property is sold (such as timber) or lost in a casualty or theft.

Hobby timber sales do qualify for capital gains treatment. If File Size: KB. The Forest Landowners Guide to the Federal Income Tax Chapter 9 - Other Tax Considerations.

Topics: Timber Sales. Capital gains on timber sales or disposals do not generate a tax preference subject to the AMT—nor does deducting the allowable basis for the sale or disposal of standing timber or taking a depletion deduction for timber that.The Sales Comparison Approach and Timberland Valuation (The Appraisal Journal, October ) What is the Dirt Worth?

(The Appraisal Journal, July ) Valuing Your Timber Scheduled for Future Harvest (The Appraisal Journal, October ) Publications. Uniform Appraisal Standards for Federal Land Acquisitions (The Yellow Book) Forward.Steve Fein has practiced public accounting since He advises closely held businesses and their owners in the manufacturing, distribution, and forest products industries and consults on business succession and transition planning, entity structure planning, business acquisitions and dispositions, and a variety of federal and state tax credits and incentives associated with R&D.