Abstract
Abstract The forest products industry is a major contributor to the US South's economy. With the global recession of 2007 to 2009 and associated downturn of the US housing market and other construction activities, the forest products industry's production and associated contribution to federal, state, and local taxes have been severely affected. The changes in tax contributions of these events for the products industry (i.e., lumber and wood products, paper and allied products, and wood furniture) were assessed using Impact Analysis for Planning software and 2009 data. Thirteen states in the US South were selected for this study. The results of tax contributions in 2009 were then compared with those made in 2001. Among the forest products industry sectors, tax contributions increased only for the paper and allied products sector from 2001 to 2009. Thus, this study documents the tax contributions of the forest products industry and how they can change over time in response to changes in the sector's economic activity. This study can help policymakers predict fluctuations in tax contributions and plan accordingly to stabilize and/or improve tax revenues.
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