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BILL AS INTRODUCED 2007-2008

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S.311

Introduced by   Senator Lyons of Chittenden District

Referred to Committee on

Date:

Subject:  Taxation; property tax; use value appraisal; expanded enrollment; conservation land and ecologically significant land

Statement of purpose:  This bill proposes to allow current use enrollment for additional conservation land and for ecologically significant land.

AN ACT RELATING TO CURRENT USE ENROLLMENT FOR CONSERVATION LANDS AND ECOLOGICALLY SIGNIFICANT LANDS

It is hereby enacted by the General Assembly of the State of Vermont:

Sec. 1.  32 V.S.A. § 3752(9) is amended to read:

(9)  "Managed forest land" means:

(A)  any land, exclusive of any house site, which is at least 25 acres in size and at least 80 percent of which is under active long-term forest management for the purpose of growing and harvesting repeated forest crops in accordance with minimum acceptable standards for forest management; and up to 20 percent of which is not under forest management for forest crops but is subject to a conservation easement or is special land and under long-term special land management as certified by the commissioner of forests, parks and recreation; or

(B)  any land, exclusive of any house site, which is:

(i)  certified under subsection 6306(b) of Title 10;

(ii)  is owned by an organization that was certified by the commissioner of taxes as a qualified organization as defined in 10 V.S.A.

§ 6301a and for at least five years preceding its certification was determined by the internal revenue service to qualify as a Section 501(c)(3) organization which is not a private foundation as defined in Section 509(a) of the Internal Revenue Code; and

(iii)  is under active conservation management in accord with standards established by the commissioner of forests, parks and recreation.



Published by:

The Vermont General Assembly
115 State Street
Montpelier, Vermont


www.leg.state.vt.us