There’s a lot of talk about the Tree Growth Tax Law, but hardly anybody understands how a value is set on forestland for its ability to grow commercial forest products. That’s why Ken Laustsen, biometrician at the Maine Forest Service, gave a presentation at MFPC in January to take the mystery out of this important calculation. If you missed it, want to hear it again or need copies of his supporting material, here’s your chance.
MFPC focuses on landowner liability, ranger training. With many new members and a lot of snow days, the legislative session isn’t off to a fast start. But we’re hard at work on landowner liability, gearing up to oppose LD 541, which would alter the Commercial Forestry Excise Tax and awaiting details on LD 8 to arm rangers — just how much training would they get?
For the 13th straight year CLPs have proven that safe performance does pay. Mike St. Peter, executive director of the Certified Logging Professional program (CLP) just shared some great news. Workers Compensation rates are going down April 1. The average rate decrease for all occupations is 4.3 percent, but the CLP mechanical class rate will see a 17 percent reduction from 2016.
REMINDER:This year’s NERCOFE conference is March 13-14 at the University of Maine, with an agenda that includes workshops on everything from plyscrapers to forest products markets. For more information, contact Cynthia Paschal.
SAVE THE DATE: MFPC has reserved the Hall of Flags at the State House on April 27 to showcase the Maine’s forest products industry. The focus this year is new products and emerging markets. Please reserve a table and for your business or organization.
IN CASE YOU MISSED IT: As reported by Mainebiz, the Tax Foundation, a think-tank based in Washington, D.C., issued an analysis of the 2017 marginal corporate income taxes imposed by the 50 states on top of the federal corporate tax. According to the foundation, 44 states levy a corporate income tax, ranging from 3 percent in North Carolina, to 12 percent in Iowa. Maine’s marginal corporate income tax rate in 2017 is 8.93 percent.
Since 1961, the Maine Forest Products Council has represented our state’s diverse forest products community, including logging contractors, sawmills, paper mills, biomass energy, facilities, pellet manufacturers, furniture manufacturers, and the owners of more than nine million acres of commercial forestland in Maine.