Bill > S01939

This bill establishes a forestry stewardship and habitat conservation credit for personal income and business franchise taxes. The credit allows taxpayers who own land committed to forestry stewardship or habitat conservation under an agreement with the Department of Environmental Conservation to claim a credit for 25% of the real property taxes paid on such land, up to $10,000 per year. The bill also defines key terms like "eligible tract" and "forestry stewardship" and creates a new state program to provide forested lands and conserve wildlife habitat.