An Act To Require the Transfer of a Forest Management and Harvest Plan upon the Transfer of Land in the Tree Growth Tax Program
Sec. 1. 36 MRSA §574-B, sub-§3, as amended by PL 2011, c. 618, §2, is repealed and the following enacted in its place:
Parcels of land subject to section 573, subsection 3, paragraph B or C are exempt from the requirements under this subsection.
For the purposes of this subsection, "transferred to a new owner" means the transfer of the controlling interest in the fee ownership of the land or the controlling interest in the timber rights on the land; and
summary
This bill provides that, when land taxed under the tree growth tax program is transferred, the new landowner may file a sworn statement that a new forest management and harvest plan has been prepared. If the new landowner does not file a new plan, the landowner must continue to manage the land in accordance with the plan prepared for the previous landowner or the land is considered to have been withdrawn from the program.