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Abstract
According to the 1977 Revenue Law, a fee shall be paid on the severance of timber cut for commercial use in reserved forests and on privately owned forest land by any person who cuts or causes trees to be cut for commercial use. Likewise Chapter 20 contains provisions on the industrialisation incentive, the forest products as well as the reforestation fees.
Amendments
In 1985 was passed the Act to amend Chapter 20 of the Revenue and Finance Law, Title 36, Volume VI of the Liberian Code of Laws revised, with respect to the assessment and collection of local stumpage, industrialization incentive, forest products, reforestation and other forestry related fees which amended Section 20.6 of Chapter 20 of the Revenue and Finance Law.