58.1-1608 - Exemptions. - Virginia Statutes

§ 58.1-1608. Exemptions.

A. The tax levied by this chapter shall not apply to individual owners oftimber who occasionally sever or cut such timber from their own premises.Such owners, however, in order to qualify for the exemption must use thetimber in the construction or repair of their own structures, buildings, orimprovements, or for their home consumption, or in the processing of theirown farm products.

B. The tax imposed by this chapter shall apply to any forest products severedfrom land owned either by this Commonwealth or the United States, where theforest products severed enter commercial channels of trade for competitivemarkets. Such tax shall not apply to forest products severed from land ownedby this Commonwealth and used by state educational institutions forexperimentation in and teaching of forestry where severance is necessary foror incidental to such experimentation and teaching.

(Code 1950, §§ 58-838.6, 58-838.19; 1952, c. 462; 1984, c. 675.)