Form:                           PT-283T
                  Who Should File: 

Any person who sells or harvests standing timber and any purchaser of standing timber.

The "sale" of standing timber as defined by O.C.G.A. 48-5-7.5 is the "arm's length, bonafide sale of standing timber for harvesting separate and apart from the underlying land and shall not include the simultaneous sale  of a tract of land and the timber thereon."

Lump Sum Sales: This report must be completed by purchaser. The seller must  remit to the purchaser, at the time of sale, a negotiable instrument for the taxes due. The purchaser must remit the  taxes and this form to the Tax  Commissioner within 5 business days of purchase. The purchaser must also give  a copy of this form to the Board of Tax  Assessors at the time of remittance. The  purchaser is personally liable for the tax if it is not paid by the seller. Seller and Purchaser must sign Form PT-283T.

Unit Price Quarterly Report:
 Purchaser must complete, sign and submit two copies to seller and one copy to Board of Tax Assessors within 45 days after end of quarter. Seller must sign and submit one of the copies to Tax Assessors within 60 days after end of quarter. Seller will be billed by the Tax Commissioner for taxes due.

Owner Harvest: Owner must complete  and submit one copy to Board of Tax Assessors within 45 days after the end of the quarter. Ad Valorem taxes shall be  paid by the landowner as provided in subsection (h) of O.C.G.A. 48-5- 7.5 (h) and shall be calculated by multiplying the 100 percent fair market value of the  timber times the millage rate applicable  for the previous calendar year.