Virginia Loggers Receive Tax Relief
Following passage of a state law giving local governments the option, Virginia loggers are working with counties and other jurisdictions to adopt language exempting logging equipment and machinery from taxation—just as farming and agricultural equipment already is. Previously under Virginia’s commercial code, logging equipment was listed as “unlicensed machinery” and subject to state and local taxes. Since the new law went into effect, localities can now exempt logging equipment from taxation.
According to Virginia Loggers Assn. (VLA) Executive Director Ron Jenkins, VLA is now following up with counties and localities to make sure the exemption is included in next year’s budgets. The law went into effect this year after many budgets were already finalized. VLA Vice President Chad Shelton reports his county, Pittsylvania, was able to add the exemption this year, and he encourages other loggers to begin working with county supervisors and other officials.
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Congratulations to all those who make G. Ikola, Inc., Timber Harvesting’s 2017 Logging Business of the Year, a leading light in Idaho and the intermountain West. Led by Gerry Ikola and his wife of 40 years, Capella, the business involves their three children—Erica, Gerry Jr. and Gabe—who are preparing to assume eventual responsibility for keeping the wheels turning…
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