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1 Current Use Taxation; Definition of Forest Land; Emission Reductions Credits. Amend RSA 79:2, VII to read as follows:
VII. "Forest land" means any land growing trees as determined and classified by criteria developed by the state forester and adopted by the board. For the purposes of this paragraph, the board shall recognize the cost of responsible land stewardship in the determination of assessment ranges.
2 Effective Date. This act shall take effect July 1, 2024.
Text to be added highlighted in green.
1 Current Use Taxation; Definition of Forest Land; Emission Reductions Credits. Amend RSA 79:2, VII to read as follows:
VII. "Forest land" means any land growing trees as determined and classified by criteria developed by the state forester and adopted by the board. For the purposes of this paragraph, the board shall recognize the cost of responsible land stewardship in the determination of assessment ranges. Provided however that "forest land" shall not include land that is being used for generation of emission reduction tons or equivalent carbon credits during a defined crediting period.
2 Effective Date. This act shall take effect July 1, 2024.