Illinois General Assembly - Bill Status for SB3512

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

Date	Chamber	Action
2/9/2024	Senate	Filed with Secretary by Sen. Chapin Rose
2/9/2024	Senate	First Reading
2/9/2024	Senate	Referred to Assignments

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