PUBLIC Law Chapter 416

(e)__For eligible timberlands held by the taxpayer

for at least a 14-year period__beginning on or

after January 1, 2005 but less than a 15-year

period beginning on or after January 1, 2005, 1/3

of the gain recognized on the sale of the eligible

timberlands;

(f)__For eligible timberlands held by the taxpayer
for at least a 15-year period__beginning on or
after January 1, 2005 but less than a 16-year
period beginning on or after January 1, 2005, 2/5
of the gain recognized on the sale of the eligible
timberlands;

(g)__For eligible timberlands held by the taxpayer
for at least a 16-year period__beginning on or
after January 1, 2005 but less than a 17-year
period beginning on or after January 1, 2005, 7/15
of the gain recognized on the sale of the eligible
timberlands;

(h)__For eligible timberlands held by the taxpayer
for at least a 17-year period__beginning on or
after January 1, 2005 but less than an 18-year
period beginning on or after January 1, 2005, 8/15
of the gain recognized on the sale of the eligible
timberlands;

(i)__For eligible timberlands held by the taxpayer
for at least an 18-year period__beginning on or
after January 1, 2005 but less than a 19-year
period beginning on or after January 1, 2005, 3/5
of the gain recognized on the sale of the eligible
timberlands;

(j)__For eligible timberlands held by the taxpayer
for at least a 19-year period__beginning on or
after January 1, 2005 but less than a 20-year
period beginning on or after January 1, 2005, 2/3
of the gain recognized on the sale of the eligible
timberlands;

(k)__For eligible timberlands held by the taxpayer
for at least a 20-year period__beginning on or
after January 1, 2005 but less than a 21-year
period beginning on or after January 1, 2005,
11/15 of the gain recognized on the sale of the
eligible timberlands;

(l)__For eligible timberlands held by the taxpayer

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