Bill > SB1733

This bill creates a property tax exemption for portions of real property that provide tree canopy cover in counties whose local governing bodies elect to adopt the exemption. The bill defines key terms like "tree canopy" and outlines the process for counties to select an implementing agency (such as the county planning commission or assessor of property) to determine the eligible portions of properties and administer the exemption. The exemption is subject to an application process, certification requirements, and a maximum exemption period of 7 years, after which the property's full value will be reassessed and taxed accordingly. The bill applies only in counties that choose to adopt the tree canopy property tax exemption through a two-thirds majority vote of the county governing body.