Amendment 2025-0880h to HB123 (2025)

Enabling municipalities to tax standing wood and timber on land used for carbon sequestration.


Revision: March 11, 2025, 9:31 a.m.

Rep. A. Davis, Coos 2

Rep. Ouellet, Coos 3

March 11, 2025

2025-0880h

08/02

 

 

Floor Amendment to HB 123

 

Amend RSA 79:3, IV as inserted by section 2 of the bill by replacing it with the following:

 

IV.  The net value of the carbon offset credits issued in the previous year shall be calculated by multiplying the amount of eligible annually credited carbon the property owner reports to the entity in which the property is registered or enrolled by the average value-per-metric ton as determined by the department of revenue administration, by the entity in which the property is registered or enrolled in the previous year less the costs incurred by carbon developer and landowner.