1% Assessment on Lumber Products

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Explore:  Sales & Use Tax

Starting January 1, 2013, lumber and engineered wood products purchased for use in California are subject to a 1% assessment based on the sales price. This includes many wood products used for school construction, including lumber, plywood, and lath. However the assessment does apply to products such as furniture, cabinets, or windows.

For more detailed information you can read the Special Note from the State Board of Equalization here.

Topics:  Sales & Use Tax

Published In: Agriculture Updates, Construction Updates, Tax Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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