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<xml>
<title>Illinois General Assembly - Bill Status for SB 3512         </title>
<shortdesc>TIMBER BUYERS-HARVEST FEES</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Chapin Rose</sponsors>
</sponsor>
<lastaction>
<statusdate>1/7/2025</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>225 ILCS 735/9a</reference><aliasreference>from Ch. 111, par. 709a</aliasreference><reference>225 ILCS 735/11</reference><aliasreference>from Ch. 111, par. 711</aliasreference><reference>525 ILCS 15/5</reference><aliasreference>from Ch. 96 1/2, par. 9105</aliasreference><reference>525 ILCS 15/7</reference><aliasreference>from Ch. 96 1/2, par. 9107</aliasreference><SynopsisText>Amends the Timber Buyers Licensing Act. Removes language that requires 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. Removes language that requires 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.</SynopsisText></synopsis>
<actions>
<statusdate>2/9/2024</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Chapin Rose</action>
<statusdate>2/9/2024</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/9/2024</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>1/7/2025</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

