PUBLIC Law Chapter 416

(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
for at least a 21-year period__beginning on or
after January 1, 2005 but less than a 22-year
period beginning on or after January 1, 2005, 4/5
of the gain recognized on the sale of the eligible
timberlands;

(m)__For eligible timberlands held by the taxpayer
for at least a 22-year period__beginning on or
after January 1, 2005 but less than a 23-year
period beginning on or after January 1, 2005,
13/15 of the gain recognized on the sale of the
eligible timberlands;

(n)__For eligible timberlands held by the taxpayer
for at least a 23-year period__beginning on or
after January 1, 2005 but less than a 24-year
period beginning on or after January 1, 2005,
14/15 of the gain recognized on the sale of the
eligible timberlands; or

(o)__For eligible timberlands held by the taxpayer
for at least a 24-year period__beginning on or
after January 1, 2005, all of the gain recognized
on the sale of the eligible timberlands.

(3)__Taxpayers claiming this credit must attach a sworn statement
from a forester licensed pursuant to Title 32, chapter 76 that
the timberlands for which the

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