CHAPTER 141

HB 1207-FN – FINAL VERSION

7Mar2012… 0680h

04/25/12 1710s

2012 SESSION

12-2461

10/09

HOUSE BILL 1207-FN

AN ACT defining the owner of timber rights for purposes of timber tax assessment.

SPONSORS: Rep. Daugherty, Coos 1; Rep. Rappaport, Coos 1

COMMITTEE: Resources, Recreation and Development

ANALYSIS

This bill changes the definition of an owner of timber rights for purposes of the timber tax under RSA 79.

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

7Mar2012… 0680h

04/25/12 1710s

12-2461

10/09

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Twelve

AN ACT defining the owner of timber rights for purposes of timber tax assessment.

Be it Enacted by the Senate and House of Representatives in General Court convened:

141:1 Forest Conservation and Taxation; Definition of Owner. RSA 79:1, II(a) is repealed and reenacted to read as follows:

II.(a) “Owner” means:

(1) For purposes of joint tenants or joint tenants with rights of survivorship, every owner that holds title to the subject property.

(2) For purposes of tenants-in-common, any one or more of the tenants-in-common that hold title to the subject property. For purposes of RSA 79:10, I(a), any one or more of tenants-in-common may sign an intent to cut. Provided, however, that non-signing tenants-in-common shall have been notified by certified mail by the applicant of the intent to cut at least 30 days prior to cutting and that a bond or surety is filed to secure payment of the yield tax if any tenant-in-common does not sign or give a power of attorney to sign a notice of intent to cut.

(3) A previous owner who retains timber rights to land and who registers his or her claim with the registry of deeds.

(4) Any person who has purchased stumpage and cutting rights on public lands.

141:2 Effective Date. This act shall take effect July 1, 2012.

Approved: June 7, 2012

Effective Date: July 1, 2012