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  1. The impact of federal and state income tax liabilities on timber investments in the west

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    Author(s): Nathan R. Smith; Phillip Bailey; Harry Jr. Haney; Debra Salbador; John Greene
    Date: 2008
    Source: West. J. Appl. For., Vol. 23(2): 121-126
    Publication Series: Miscellaneous Publication
    PDF: View PDF  (75.20 KB)

    Description

    Federal and state income taxes are calculated for hypothetical forest landowners in two income brackets across 13 states in the West to illustrate the effects of differential state tax treatment. The income tax liability is calculated in a year in which the timber owners harvest $200,000 worth of timber. State income taxes range from highs of $19,693 for middle-income and $34,993 for high-income landowners in Oregon to no income tax in Alaska, Nevada, Washington and Wyoming. After-tax land expectation values for a forest landowner in Oregon are also calculated to illustrate the importance of tax planning on returns to a timber investment. The need for adequate tax accounting is supported by the results.

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    Citation

    Smith, Nathan R.; Bailey, Phillip; Haney, Harry Jr.; Salbador, Debra; Greene, John. 2008. The impact of federal and state income tax liabilities on timber investments in the west. West. J. Appl. For., Vol. 23(2): 121-126

    Keywords

    investment, landowners, cost, tax planning, rate of return

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