STATE OF WEST VIRGINIA 
   State Tax Department, Tax Account Administration Div
   P.O. Box 425
   Charleston, WV 25322-0425

   Name

   Address                                                                                                   Account #:

   City                                                            State                 Zip

WV/SEV-400T             WEST VIRGINIA TIMBER SEVERANCE TAX - ESTIMATE
rtL090 v.11-Web

Period Ending:                                                                              Due Date:
                                                                 TAX COMPUTATIONS

1. Taxable Amount                                                                                                                   .
2. Tax Rate                                                                                                                        0.015
3. Tax Due Before Credits (Multiply Line 1 by Line 2)                                                                               .

4. Investment Credits                                                                                                               .
5. Total Tax Due (Line 3 minus Line 4)                                                                                              .

                                                        GENERAL INFORMATION

This form is to be used to report the gross income for the production of timber only.

If you feel you are not responsible for this tax, please notify this office, in writing, with a complete description of your timber 
activities. If you are a contract logger, please supply the company you contract for. Non-resident producers must post a bond and 
supply a copy of the notice of intent to sever timber.

This form is for quarterly or monthly reporting only, it cannot be used for a final or annual return. The exemption of $41.67 per 
month can not be claimed on this return; however, the full $500 exemption may be claimed on the annual return if you are registered 
to do business for the entire reporting year.

                                                                 Sign Your Return
Under penalties of perjury, I declare that I have examined this return (including accompanying schedules and statements) and to the
best of my knowledge and belief it is true and complete.

(Signature of Taxpayer)                     (Name of Taxpayer - Type or Print)                       (Title)           (Date)

(Person to Contact Concerning this Return)                       (Telephone Number)                  (E-mail Address)

(Signature of preparer other than taxpayer)                      (Address)                                             (Date)

               MAIL TO:  WEST VIRGINIA STATE TAX DEPARTMENT
                        Tax Account Administration Div
                  P.O. Box 425, Charleston, WV  25322-0425
   FOR ASSISTANCE CALL (304) 558-3333  TOLL FREE (800) 982-8297
               For more information visit our web site at: www.tax.wv.gov
                        File online at https://mytaxes.wvtax.gov                                             G     6     1     0     7     1     6     0     1     W

                                INSTRUCTIONS

Effective July 1, 2016, Severance tax on timber is imposed on the gross value of the timber at the point the tree is cut and 
delimbed

Line 1. Taxable Amount - Enter the gross value of timber sold.

The gross value of the timber is the gross proceeds of sale if it is sold at the point it is cut and delimbed.

In many instances, there is not a sale of the timber at the point of cutting and delimbing. In these instances the gross value can be 
determined in one of three ways.

(1)  Use of a value that corresponds as closely as possible to the gross proceeds from the sale of similar products of like 
quality or character.  

(2)  In the absence of such sales the gross value may be determined using a cost basis. The value of the timber would be 
the sum of all costs attributable to the production of timber, including direct and indirect overhead costs and a reasonable 
mark-up on the timber. Detailed records must be kept to support the value used for severance tax purposes.

(3)  Use of the percentage method. To apply the percentage method of determining the gross value subject to tax, the 
timber producer must find the activity that is similar to his situation, and apply the appropriate percentages to his gross 
proceeds of sales. A person who cuts timber and sells it where it is cut and delimbed. Amount received from sale 
multiplied by 1.00.

A person who cuts timber and takes to collection point in woods. Amount received from sale multiplied by 0.75.

A person who cuts timber and delivers to sawmill for sale. Amount received from sale multiplied by 0.50.

A person who cuts timber and processes into other products. Amount received from sale multiplied by 0.25.

Line 2. Tax Rate

Line 3. Tax Due before Credits - Multiply the taxable amount on line 1 by the tax rate on line 2.  Enter result here.

Line 4. Investment Credits - Enter the amount of Investment Credits available.

Line 5. Total Tax Due - Subtract the amount on line 4 from Line 3. If line 4 is greater than line 3 enter zero. This is the amount 
you owe.