Sub-Section 222, Turpentine
Internal Revenue Manual
Specialized Industry Guidelines - Timber
Sub-Section 222, Turpentine
Last amended: 6-26-1978
Turpentine
The sale or lease of rights to enter a tract of land and work the trees for the collection of the gum or resin used in manufacturing turpentine is not a sale or lease of standing timber and the provisions of section 611 do not apply.