Bill > S00543

This bill establishes a new tax credit program for landowners in New York who commit their land to forestry stewardship or habitat conservation. Specifically, eligible landowners who own at least 25 contiguous acres that are deemed valuable wildlife habitat or suitable for wildlife-related recreation can receive a tax credit equal to 25% of their real property taxes. To qualify, landowners must enter into a written agreement with the Department of Environmental Conservation (DEC) for a minimum of five years, during which they must either participate in a recognized forest certification program or develop and implement a habitat conservation plan. The land must be inspected and approved by the DEC, a certified wildlife biologist, or a certified fisheries biologist. The credit is capped at $10,000 per year, and any excess credit can be treated as an overpayment and potentially refunded. The bill aims to incentivize land conservation and sustainable forestry practices by providing a financial benefit to landowners who actively manage their property to support wildlife and ecosystem health.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/S543