Introduced
by
To require all or part the tax breaks on productive forestland proposed by Senate Bill 912 to be repaid if the property is removed from forestry in less than 40 years, with the exact repayment amount depending on how long the property has remained in forestry. This is part of a commercial forestry incentive package comprised of Senate Bills 912 to 919 and House Bills 5453 to 5468 and 5462.
Referred to the Committee on Agriculture, Forestry, and Tourism
Reported without amendment
With the recommendation that the substitute (S-2) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that imposes the recapture tax for only the most recent 10 years in which the property received the tax break, regardless of how long the property was in the program.
The substitute passed by voice vote
Passed in the Senate 38 to 0 (details)
To require all or part the tax breaks on productive forestland proposed by Senate Bill 912 to be repaid if the property is removed from forestry or never harvested in violation of a required forest management plan. A maximum of 10 years of tax benefits could be recaptured.
Referred to the Committee on Conservation, Forestry, and Outdoor Recreation
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Passed in the House 104 to 0 (details)
To concur with the Senate-passed version of the bill.
