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Home»Law and Cases»Legislation»Act No. 4 of 1956 relative to a duty on timber for the financing of common measures in forestry.
Act No. 4 of 1956 relative to a duty on timber for the financing of common measures in forestry.
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The Government may introduce a duty on timber. The money so collected shall flow into a Fund, called the Forestry Initiatives Development Fund, which shall provide grants and loans for the financing of common measures in forestry (not defined). The Fund shall be managed by a board which shall consist in majority of representatives of timber salesmen. The Government may further provide in detail for the imposition of the duty: establish which operations shall be taxed, exemption of duty in certai
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Act No. 4 of 1956 relative to a duty on timber for the financing of common measures in forestry.