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Section Assessment; collection; remittance. (a) (1) There is hereby imposed an assessment on a person who purchases a lumber product or an engineered wood product for storage, use, or other consumption in this state, at the rate of 1 percent of the sales price. (2) A retailer shall charge the person the amount of the assessment as a charge that is separate from, and not included . Beginning January 1, , a new law requires a one percent (1%) assessment on purchases of lumber products and engineered wood products for use in California, based on the selling price of the products. The new law affects retailers of lumber products or engineered wood products and purchasers, including construction contractors, who use these products in California. Jul 01,  · Credit card services may experience short delays in service on Thursday, March 18th, from p.m. to p.m., Pacific time, due to scheduled maintenance.
Beginning January 1, , a new law requires a one percent (1%) assessment on purchases of lumber products and engineered wood products for use in California, based on the selling price of the products. The new law affects retailers of lumber products or engineered wood products and purchasers, including construction contractors, who use these products in California. Conversion Lumber Price Price; 1 board foot ≈ ,74 cm³ Lumber Price Per 1 cm³ USD. What products are subject to the lumber assessment? In general, lumber products and engineered wood products subject to the 1 percent assessment are defined as "primary" wood products in which wood is a principal component (at least 10 percent of total content). However, wood products that have been manufactured, assembled, processed, or.

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