The bill amends RCW 84.33.088 to extend the expiration date for reporting requirements on timber purchases from September 30, 2025, to September 30, 2029. It mandates that purchasers of privately owned timber exceeding 200,000 board feet in a voluntary sale must report specific details of the purchase to the department by the last day of the month following the purchase. The required report includes information such as the names and contact details of the purchaser and seller, sale dates, total sale price, legal descriptions, and estimated net volume of timber by species and log grade, among other details.

Additionally, the bill stipulates that failure to report the purchase as required may result in a penalty of $250 for each instance of non-compliance, as determined by the department. It also emphasizes that the reports submitted are considered confidential taxpayer information under existing law. The changes aim to enhance transparency and accountability in timber transactions while providing an extended timeframe for compliance.

Statutes affected:
Original Bill: 84.33.088