Section Rev 3407.01 - Exemptions Owners shall be exempt from filing Form PA-7 and shall be exempt from the yield tax pursuant to the following:
(a) Exemptions provided in RSA 79:1, II(b) shall only be claimed once per tax year, per municipality by an owner of land which may: (1) Cut up to 10,000 board feet of logs that will be used exclusively in the construction, reconstruction, or alteration of buildings, structures or fences that remain under the landowner's ownership;(2) Cut up to 20 cords of fuel wood for their own consumption for domestic fuel purposes;(3) Cut for an unlimited amount of fuel wood for their own purposes in the manufacture of maple syrup or sugar; and(4) Cut up to 10,000 board feet of logs and 20 cords of wood, or the equivalent in whole tree chips, for the purpose converting land, so long as all required permits have been secured as necessary for the use to which the land will be converted;(b) Owners exempted under RSA 79-1, II (b)(5) and Rev 3407.01(a) (4) shall complete and file Form PA-7 and pay the yield tax on all wood and timber cut if the volume exceeds the 10,000 board feet of logs and 20 cords or equivalent in whole tree chips;(c) Cutting for clearing or maintaining rights-of-way, or water storage reservoirs, as described in RSA 79:1, II (b)(4), shall be exempt from filing Form PA-7 and the yield tax, provided that the wood and timber cut is: (d) Cutting on public lands, provided that the wood and timber cut is under the ownership or jurisdiction and for the use of: (1) The federal government;(2) The state government;N.H. Admin. Code § Rev 3407.01
Amended byVolume XXXIV Number 37, Filed September 11, 2014, Proposed by #10664, Effective 9/4/2014, Expires9/4/2024 .