WebOFFICE OF FISCAL AND PROGRAM REVIEW Date: March 28, 2012 To: Members, Joint Standing Committee on Taxation From: Elizabeth Cooper, Legislative Analyst Re: UPDATE on L.D. 1138 An Act To Amend the Maine Tree Growth Tax Law and Open Space Tax Law Below is a summary of the Committee amendment. The amendment includes a mandate WebBulletin No 19 (Maine Tree Growth Tax Law) Issued November 29, 2007; Replaces September 13, 2003 Revision. SUBJECT: MAINE TREE GROWTH TAX LAW REFERENCE: Title 36, M.R.S.A., Section 571 - 584-A. PL 2003, c. 30 (amd). 1. General Information. The Maine Tree Growth Tax Law provides for the valuation of land that has …
Tree Growth Current Use Program - Maine Land Conservation …
WebYour dwelling must be excluded from the area you have included in tree growth, and I assume that the same for the farmland program. You will still need to meet the minimum size for tree growth, for example if your lot is 10 acres and you withdraw 1 acre from tree growth your property will no longer qualify for the tree growth program, as you will … Web18 jan. 2024 · For 50 years, the Maine tree growth tax program has provided stability and supply to the forest products industry by providing tax incentives to landowners … poppi soda good for you
Maine
Web6 jun. 2024 · In June, 2024, the market value (just value) of the land is $20,000/acre, totaling $400,000 ($20,000/acre x 20acres). The assessed value of the land in the Tree Growth … WebTo enroll your property in the Maine Tree Growth Tax Program, you must have at least ten acres of forest land managed primarily for the production of commercial forest products. You may benefit from a reduction in property taxes, making it more affordable … WebAn Act To Amend the Maine Tree Growth Tax Law and the Open Space Tax Law Fiscal Note for Bill as Engrossed with: C "A" (H-859) Committee: Taxation State Mandate - Exempted Potential future biennium savings - General Fund ... Maine Tree Growth Tax Law program on or after August 1, 2012. shari l tapscott website