Establishes a forestry stewardship and habitat conservation credit for personal income and business franchise taxes.
New York A00520 establishes a forestry stewardship and habitat conservation credit for personal income and business franchise taxes. It allows a credit for 25% of real property taxes paid on land committed to habitat conservation or forestry stewardship for at least five years. The bill defines "eligible tract" and "forestry stewardship" and sets a maximum credit of $10,000 per year.
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