Bill Status of SB 3512   103rd General Assembly

Short Description:  TIMBER BUYERS-HARVEST FEES

Senate Sponsors
Sen. Chapin Rose

Last Action  View All Actions

DateChamber Action
  2/9/2024SenateReferred to Assignments

Statutes Amended In Order of Appearance
225 ILCS 735/9afrom Ch. 111, par. 709a
225 ILCS 735/11from Ch. 111, par. 711
525 ILCS 15/5from Ch. 96 1/2, par. 9105
525 ILCS 15/7from Ch. 96 1/2, par. 9107

Synopsis As Introduced
Amends the Timber Buyers Licensing Act. Removes language that requires a person buying timber from a timber grower to deduct from the payment to the timber grower an amount which equals 4% of the purchase price or 4% of the minimum fair market value and forward such amount to the Department of Natural Resources. Removes language that requires a timber grower who utilizes timber produced on land the timber grower owns or operates for sawing into lumber, processing, or resale to pay to the Department an amount equal to 4% of the minimum fair market value of the timber utilized during a period. Makes conforming changes.

Actions 
DateChamber Action
  2/9/2024SenateFiled with Secretary by Sen. Chapin Rose
  2/9/2024SenateFirst Reading
  2/9/2024SenateReferred to Assignments

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