(at the request of Senate Interim Committee on Rural Communities and Economic Development)
Chief Sponsors:
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Remove
Regular Sponsors:
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Remove
Bill Title:
Relating to reforestation; appropriating money; prescribing an effective date.
Catchline/Summary:
Makes cost assistance available for reforestation of small forestland following loss from catastrophic fire event.Establishes cost assistance program for reforestation of small woodlands following loss from catastrophic fire event. Establishes tax credit for reforestation of small woodlands following loss from catastrophic fire event.Establishes Catastrophic Fire Reforestation Assistance Fund. Continuously appropriates moneys in fund to State Forestry Department.Makes cost assistance available for reforestation of small forestland following loss from catastrophic fire event. Establishes tax credit for reforestation of commercial forestland following loss from catastrophic fire event. Makes cost assistance and tax credit provisions applicable for losses from catastrophic fire events occurring in whole or in part on or after August 1, 2012, and for which State Forester issues preliminary certificates before January 1, 2020.
Establishes Catastrophic Fire Reforestation Assistance Account. Appropriates moneys to State Forestry Department for carrying out cost assistance and for department costs regarding tax credit.
Takes effect on 91st day following adjournment sine die.
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SB 1513 Joint Committee On Ways and Means
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