Authorizes state assistance to municipalities containing exempt privately owned forest lands; expands categories of lands eligible for certain.
This bill amends the real property tax law to authorize state assistance to municipalities with exempt privately owned forest lands. It expands the categories of lands eligible for certain property tax exemptions as forest lands, including those subject to conservation easements. It also authorizes tax exemptions for certain conservation easement tracts. The bill provides for violations of certain provisions relating to filing for tax exemptions of forest lands, including penalties for non-compliance.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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