HB 1617-FN-LOCAL – AS INTRODUCED
2010 SESSION
10/01
HOUSE BILL 1617-FN-LOCAL
AN ACT exempting owners of timber cut on storm-damaged land from timber taxes.
SPONSORS: Rep. Ladd, Graf 5; Rep. Chandler, Carr 1
COMMITTEE: Local and Regulated Revenues
This bill adds an exception from the timber tax requirements for persons who salvage or harvest blowdown timber on storm damaged land of 10 or more acres.
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Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
10-2189
10/01
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Ten
AN ACT exempting owners of timber cut on storm-damaged land from timber taxes.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 New Subparagraph; Forest Conservation and Taxation; Exception From Timber Tax; Storm Damaged Land. Amend RSA 79:1, II by inserting after subparagraph (b) the following new subparagraph:
(c) An owner who initiates the salvage or harvest of blowdown timber on storm damaged land of 10 or more acres resulting from a severe storm or natural disaster, within 180 days of such storm or natural disaster, as determined by the assessing official prior to commencement of salvage or harvest, shall be required to file a notice of intent to cut pursuant to RSA 79:10, but shall not be subject to the yield tax under RSA 79:3, the collection of tax and lien requirements under RSA 79:8, and the bond requirements under RSA 79:3-a and RSA 79:10-a.
2 Effective Date. This act shall take effect April 1, 2010.
LBAO
10-2189
12/11/09
HB 1617-FN-LOCAL - FISCAL NOTE
AN ACT exempting owners of timber cut on storm-damaged land from timber taxes.
FISCAL IMPACT:
The Department of Revenue Administration and New Hampshire Municipal Association state this bill would decrease local revenue by an indeterminable amount in FY 2010 and each year thereafter. This bill would have no fiscal impact on state, county, and local expenditures, or state and county revenue.
METHODOLOGY:
The Department of Revenue Administration states this bill would add an exception from the timber tax requirements for persons who salvage or harvest blowdown timber on storm damaged land of 10 or more acres. The Department states there would be no impact on state revenue, and the impact to local jurisdictions would depend on the scope and frequency of severe storms or natural disasters. The Department states local jurisdictions possess significant flexibility in the application of the timber tax, and must consider the full and true value or market value of the timber at severance. When the timber harvest is the result of a disaster, natural or otherwise, the assessors must consider the impact on the value of the timber. For those towns that currently consider these factors, there may be no impact.
The New Hampshire Municipal Association states this bill would decrease local revenue, but is unable to determine the exact fiscal impact at this time.