Illinois General Assembly - Bill Status for HB5237

Synopsis As Introduced
Amends the Timber Buyers Licensing Act. Repeals provisions that require 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. Repeals provisions that require 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

Date	Chamber	Action
2/8/2024	House	Filed with the Clerk by Rep. Tony M. McCombie
2/9/2024	House	First Reading
2/9/2024	House	Referred to Rules Committee
3/5/2024	House	Assigned to Revenue & Finance Committee
3/8/2024	House	To Revenue - Sales, Amusement and Other Taxes Subcommittee
4/5/2024	House	Rule 19(a) / Re-referred to Rules Committee

×