Forest resources: timber assessment.

Existing law imposes an assessment on a person who purchases from a retailer a lumber product or an engineered wood product for storage, use, or other consumption in this state, at the rate of 1% of the sales price. Existing law requires the retailer, as defined according to existing tax laws, to charge the person the amount of the assessment as a charge that is separate from, and not included in, any other fee, charge, or other amount paid by the purchaser. Existing law requires the retailer to collect the assessment from the person at the time of sale, as provided. This bill would, for purposes of the above provisions, exclude from the definition of "retailer" a retailer who has de minimis sales of qualified lumber products and engineered wood products of less than $25,000 during the previous calendar year. The bill would require an excluded retailer to provide a notice to the purchaser of the purchaser's obligation to remit the assessment to the State Board of Equalization.