Articles and Speeches
Less Taxation with Forestry Consultant Representation
Reprinted with permission from the S.C. Bar
The forest products industry is big business in South Carolina, making a greater than $17 billion annual economic impact on the state. In fact, according to the South Carolina Forestry Association, timber is the number one cash crop in the state and provides more than 90,000 jobs to its citizens. Compliance with local, state and federal tax laws play an important role in timber ownership, management and forest stewardship. So when the S.C. Attorney General and various county tax assessors disagree on the manner in which timberlands are assessed for ad valorem property tax purposes, and a circuit court is asked to intervene, a timberland owner is wise to take note.
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