TIMBER BUYERS - PAYMENT TO DNR

Amends the Timber Buyers Licensing Act. On or after the effective date of the amendatory Act, provides that a timber buyer who purchases timber in the State shall no longer be required to deduct from the payment to the timber grower a percentage of the purchase price and forward such amount to the Department of Natural Resources. Provides that upon the effective date of the amendatory Act, a timber buyer is no longer required to pay to the Department, when the periodic report is submitted, a percentage amount equal to the gross value of the timber utilized during the period. Effective immediately.