§2721. Legislative findings The Legislature finds that engaging in commercial forestry is a privilege that results in costs as well as benefits to the State and that persons enjoying that privilege should be subject to the tax imposed by this chapter. [PL 1985, c. 514, §2 (NEW).] The Legislature further finds that the persons […]
§2722. Annual tax An excise tax is imposed upon the privilege of using one’s land in commercial forestry enterprise in this State. The tax shall be levied upon owners of commercial forest land and shall be apportioned according to the formula specified in section 2723-A. The State, municipalities and the Federal Government are not subject […]
§2723-A. Computation of tax 1. Calculation of fire control net costs. Annually by September 1 beginning in 1987, the Commissioner of Agriculture, Conservation and Forestry shall certify to the State Tax Assessor the amount appropriated from the General Fund by the Legislature for the current fiscal year, including funds appropriated or allocated for capital improvements […]
§2723. Computation of the tax (REPEALED) SECTION HISTORY PL 1985, c. 514, §2 (NEW). PL 1987, c. 362, §2 (RP).
§2724. Definitions As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings. [PL 1985, c. 514, §2 (NEW).] 1. Adjusted acres. “Adjusted acres” means the total number of acres of commercial forest land owned by a person throughout the State reduced by 500 acres. Cotenants of property, […]
§2725. Due date This excise tax is due May 1, 1986, and each subsequent May 1st. [PL 1985, c. 514, §2 (NEW).] SECTION HISTORY PL 1985, c. 514, §2 (NEW).
§2726. Administration 1. Returns. The State Tax Assessor shall prescribe and make available the required tax return. All owners of more than 500 acres of forested land, whether or not that land is commercial forest land, shall complete and file tax returns with the State Tax Assessor no later than February 1st. Taxpayer identification numbers […]
§2727. Credit; refund (REPEALED) SECTION HISTORY PL 1985, c. 514, §2 (NEW). PL 2011, c. 240, §22 (RP).
§2728. Report on ownership of commercial forest land by size of ownership On or before September 1st of each year, the State Tax Assessor shall provide the Director of the Bureau of Forestry within the Department of Agriculture, Conservation and Forestry with information on the number of landowners filing tax returns in accordance with this […]
