MA S1880

Bill

MA S1880

To create a forest carbon incentive program to enhance carbon storage on private timber lands

Introduced
03/29/2021

In Committee
03/10/2022

Crossed Over

Passed

Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

For legislation to create a forest carbon incentive program to enhance carbon storage on private timber lands. Revenue.

AI Summary

This bill creates a forest carbon incentive program to enhance carbon storage on private timber lands in Massachusetts. The key provisions are: 1. It establishes a "Forest Resilience Program" overseen by the Department of Conservation and Recreation, which will approve and oversee 20-year forest resilience plans to improve forest resilience and increase carbon storage. 2. It provides annual grants to forest landowners with approved 20-year forest resilience plans to reimburse them for the costs of implementing forest resilience practices. Municipalities with enrolled forest lands will also receive grants to mitigate the loss of tax revenue. 3. It imposes a conveyance tax, ranging from 5% to 10% of the total sales price, on forest lands enrolled in the program that are sold for non-forest uses within 20 years, with the revenue used to increase the climate resilience of natural and working lands. 4. It reduces the review period for updating forest management plans from 10 years to 3 years for the Forest Resilience Program lands. The program aims to incentivize private forest landowners to implement practices that improve forest health and increase carbon sequestration, while also generating revenue to support climate resilience efforts.

Committee Categories

Budget and Finance

Sponsors (7)

Adam Hinds (D)*, Jo Comerford (D), Jamie Eldridge (D), Brad Jones (R), Kay Khan (D), Lindsay Sabadosa (D), Walter Timilty (D),

Last Action

Bill reported favorably by committee and referred to the committee on Senate Ways and Means (on 03/10/2022)

Official Document

https://malegislature.gov/Bills/192/S1880

(8 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/192/S1880
Bill	https://malegislature.gov/Bills/192/S1880.pdf

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Bill > S1880

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (7)

Last Action

Official Document

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