Pamphlets On National Forests volume 2

Cover Pamphlets On National Forests volume 2
Pamphlets On National Forests volume 2
Max Ag Kohl
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Washington, . January 21.. Foresters and lumbermen see in a decision of the Treasury Department in regard to the ad- ministration of the income tax a strong argument for forestry-. As they interpret the opinion of the Treasury officials they understand that no timber lands shall be subject to the tax until the timber is cut and marketed and that then the profit only will be subject to an income tax assessment. In other . Words, all costs will be deducted before the tax is levied, and these will
... cover the cost of growing the timber, includ- ing th^ cost of planting where necessary and of protecting the growing crop from fire and othsr depredation.
This decision was, based upon a request for informa- tion inade by P, So Ridsdale, secretary of the American forestry association. Ke asked if there would be a tax on the value rf the yearly growth of timber whether it was cut or not, and also whether an income tax would be assessed on the value of the timberland. In reply, the Treasury Department said that "the gain from the cutting and disposal of stumpage is realized in the?


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