AXE THE TIMBER TAX House SponsorsRep. Tony M. McCombie 1/7/2025HouseSession Sine Die 225 ILCS 735/11from Ch. 111, par. 711225 ILCS 735/9a rep.525 ILCS 15/5from Ch. 96 1/2, par. 9105525 ILCS 15/7from Ch. 96 1/2, par. 9107 Amends the Timber Buyers Licensing Act. Repeals provisions that require 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. Repeals provisions that require 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. 2/8/2024HouseFiled with the Clerk by Rep. Tony M. McCombie 2/9/2024HouseFirst Reading 2/9/2024HouseReferred to Rules Committee 3/5/2024HouseAssigned to Revenue & Finance Committee 3/8/2024HouseTo Revenue - Sales, Amusement and Other Taxes Subcommittee 4/5/2024HouseRule 19(a) / Re-referred to Rules Committee 1/7/2025HouseSession Sine Die