Bill > S04269

This bill amends the tax law to provide a tax credit to certain landowners who allow snowmobile access, in the form of a state-funded snowmobile trail or portion thereof, on their property. The credit is equal to 10 cents per linear foot of the state-funded snowmobile trail on the eligible property, up to a maximum of $750 per year. The bill also allows the excess credit to be carried over to the following 10 taxable years or, at the taxpayer's option, to be refunded. The bill takes effect on January 1 of the year following its enactment and applies to taxable years beginning on or after that date.