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EMD-81-18 1 (1981-01-21)

handle is hein.gao/gaobabblq0001 and id is 1 raw text is: 



BY THE COMPTROLLER GENERAL



Report To The Congress

OF THE UNITED STATES


New Means Of Analysis Required

For Policy Decisions Affecting

Private Forestry Sector


Demand for U.S. timber is expected to increase
dramatically over the next several decades.
Even greater increases, proportionately, are
forecast for timber prices, imposing a great
strain on the U.S. economy.

The timber capital gains tax provision has been
described as the most important Federal ef-
fort to increase timber supplies. Capital gains
resulted in tax benefits to timber growers
totaling $1.6 billion for fiscal years 1976-80.
However, due to statutory provisions and lim-
itations in existing data and analytical tools,
significant tax expenditures are being made
with no real understanding as to their effect
in increasing timber supplies.

GAO recommends that the Forest Service im-
prove its ability to analyze the impact of
Federal programs on timber production on
privately owned lands.


114171


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EMD-81-18


JANUARY 21, 1981


44
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114 I-TI

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