Terms Used In Idaho Code > Title 38 > Chapter 15 - Idaho Forest Products Commission

• Assessment year: means January 1 through December 31 of any calendar year in which the commission levies an assessment. See Idaho Code 38-1502
• Base year: means the calendar year immediately preceding the assessment year. See Idaho Code 38-1502
• Business entity: means a person, firm, partnership, corporation, association, trust or other recognized legal entity. See Idaho Code 38-1502
• Commission: means the Idaho forest products commission created by section 38-1503, Idaho Code. See Idaho Code 38-1502
• Conviction: A judgement of guilt against a criminal defendant.
• Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
• Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. ^{Source: U.S. Courts}
• Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
• Forest lands: means federal, state and private land growing forest tree species which are, or could be at maturity, capable of furnishing raw material used in the manufacture of lumber or other forest products. See Idaho Code 38-1502
• Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
• Hog fuel: means wood or wood scraps that have been shredded or pulverized and used by forest product manufacturers to generate energy. See Idaho Code 38-1502
• Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). ^{Source: OCC}
• Month: means a calendar month, unless otherwise expressed. See Idaho Code 73-114
• Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
• person: includes a corporation as well as a natural person;