HB 1617-FN-LOCAL – AS INTRODUCED

2010 SESSION

10-2189

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

ANALYSIS

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.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:

METHODOLOGY: