Financing, funding schemes

English
Innovation
No
Voting
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Short description
When selling timber or biofuels, the forest owner is required by law to set aside 4-40% of the income to the forestry fund to ensure finances for sustainable management of the forest. The money set aside is not considered as an income and therefore not taxed, and the money belongs to the forest property.
Digital solution
No
Abstract

The scheme started in 1932 to ensure finances for rejuvenation after harvesting forests. Later, several forest measures have been added to the scheme, and the share of income to be disposed of has been adjusted. Now, the forest owner decides for him-/herself how much to set aside, within 4-40% of the sales revenue. The money is not taxed when it is set aside, but 15% of the money used from the fund is taxed. The forestry fund belongs to the forest property and should be used for silviculture, forest roads, forest inventory, production of Christmas trees, courses for the forest owner or employees, environmental measures, and the establishment and expansion of bioenergy plants. The forest owner is not given interest on the contribution to the forestry fund. This money is used to manage the scheme, and measures that will benefit the forestry community, e.g. information to forest owners and schools, development projects etc. The Government considers the scheme to be one of the most important measures in the forestry.

Owner or author organization
The Norwegian Agriculture Agency
Owner or Author name
Per Gjellan
Reporter organisation
Tretorget Ltd
Reporter name
Ola Rostad
Reporter e-mail
Main picture
Logo of Main Organization
Hub
Northern Hub
BP - Rosewood - V1
NO
Country of origin
Norway
Title (national name)
Skogfond
Scale of application
Project under which this factsheet has been created
Has video
no