Bill > SB0121

This bill creates a property tax exemption for portions of real property that provide tree canopy cover in certain counties, subject to the approval of the local governing body. The bill defines "tree canopy" and outlines the process for applying for the exemption, which includes determination of the portion of property covered by tree canopy by the implementing agency (county planning commission, assessor of property, or county board of equalization) and approval by the state board of equalization. The exemption is limited to up to 5 acres per parcel and cannot be transferred or assigned. The bill applies only to counties with a metropolitan form of government and a population of over 500,000, if the governing body elects to come under its provisions by a two-thirds majority vote.