The Softwood Lumber Board will mail invoices to U.S. manufacturers and importers of softwood lumber quarterly on or about the 20th day of the third month of each quarter, beginning March 20th, 2012. The invoice is called the Shipment/Import Quarterly Report and is a self-reporting document on which companies enter volumes shipped, deduct the 15MMBF exemption, and deduct exports before calculating the assessment on softwood lumber shipped domestically and imported into the U.S.
Action Needed: The “Shipment/Import Quarterly Report” is a self-reporting form that serves in lieu of an invoice on which companies enter volumes shipped and/or imported into the U.S. market. Assessments are to be paid only on the amounts shipped to destinations within the United States.
During the year each company is allowed a one-time annual exemption of 15 MMBF.
Please submit the Shipment Report even if you have not yet shipped over 15 MMBF and do not yet owe an assessment for the calendar year.
The “Shipment/Import Quarterly Report” should be submitted to the SLB by the 30th day after the end of the quarter, accompanied by payment of the assessment and necessary supporting documents.
Please make checks payable to the Softwood Lumber Board and mail with your quarterly report to the lock box address:
Softwood Lumber Board, P.O. Box 771711, Dept. 5085, Memphis, TN 38177
Importers and brokers please note: U.S. Customs and Border Protection will NOT collect assessments at the time of entry. Importers of record will be invoiced quarterly at the same time as U.S. manufacturers.
The Order requires U.S. manufacturers and importers to pay assessments on shipments over the 15 million board foot exemption by the 30th calendar day of the month following the end of the quarter in which the softwood lumber was shipped. The Order provides authority for the Board to impose a late payment charge and interest for assessments overdue to the Board by 60 calendar days.
Promptly paying assessments supports the fundamental principle on which the check-off is built—the fair and equal application of the Order to all eligible companies.
Paying assessments is also a requirement of the authorizing legislation for the check-off, which provides that USDA may assess a person who willfully violates the provisions of the Order a civil penalty of not less than $1,200 per day for each day they are in violation.
Therefore the Board will make every attempt possible to bring delinquencies into compliance. Should its efforts not be successful, the Board will notify the USDA’s Agricultural Marketing Service (AMS) of any delinquency and describe the exhaustive efforts made by the Board before referring the case to AMS.
The Softwood Lumber Board is committed to creating a fair and equitable process for all assessed companies. Assessment funds are used for promotion activities that are intended to benefit all industry members. Thus, it is important that all assessed entities pay their assessments in a timely manner. Entities who fail to pay their assessments on time would be able to reap the benefits of Board programs at the expense of others. All companies manufacturing and/or importing 15 million board feet or more of softwood lumber annually are required to pay assessments. To ensure equitable and timely participation by all assessed companies the Softwood Lumber Board is instituting a late fee and interest on companies that do not pay their assessments within 60 days of the due date. This rule took effect on January 1st, 2015 and applies to any late assessment payments on lumber assessed on or after that date. If an assessment has not been paid within 60 days of its due date a one-time fee equal to 10 percent of the due assessment will be charged. Additionally interest will be charged at the rate of 1 ½ percent per month for each month the assessment is not paid.
To see the full rulemaking on late assessment fees please see the federal register click here.