Bill > A02296

This bill establishes a forestry stewardship and habitat conservation credit for personal income and business franchise taxes in New York. Landowners who own eligible tracts of land (at least 25 contiguous acres determined to be valuable wildlife habitat or suitable for recreation) and enter into agreements with the Department of Environmental Conservation to commit the land to forestry stewardship or habitat conservation for at least 5 years can claim a credit of 25% of the real property taxes paid on that land, up to $10,000 per year. The bill creates a New York State forestry stewardship and habitat conservation program to provide forested lands and conserve wildlife habitat in the state.