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Business Taxes Law Guide—Revision 2024
Timber Yield Tax Law
Revenue and Taxation Code
Division 2. Other Taxes
Part 18.5. Timber Yield Tax
Chapter 10. Disposition of Proceeds
Section 38903
38903. Timber tax fund. (a) All taxes, interest, penalties and other amounts paid or collected pursuant to this part on or before July 31, 1983, except taxes paid or collected pursuant to Section 38301, shall be deposited in the Timber Tax Fund, which is hereby created.
(b) On and after August 1, 1983, all taxes, interest, penalties, and other amounts paid or collected pursuant to this part shall be deposited in the Timber Tax Fund.
History—Stats. 1982, Ch. 1058, in effect January 1, 1983, deleted ", except the amounts paid or collected pursuant to Section 38301" after "part". Stats. 1983, Ch. 1281, in effect September 30, 1983, added the subdivision letters, added "on or before … Section 38301" after "part" in subdivision (a), and added subdivision (b).