2005 Senate Bill 912 ↩

Senate Roll Call 382: Passed

To authorize a property tax exemption for certain forestland that is productive of wood products and is managed and harvested according to approved good forestry principles through a development rights agreement. Property meeting the specified requirements would be exempt from 18 mills of local school operating taxes, and instead the state would pay the amount of foregone revenue to the local school district out of its general fund revenue. Senate Bill 913 requires all or part the tax savings to be repaid if the property is removed from forestry.