HB 111 (BR 278) - R. Nelson, D. Osborne
AN ACT relating to the economic and environmental sustainability of forest lands.
Create a new section of KRS 149.330 to 149.355 to require the Division of Forestry to maintain a list of approved third-party forest certification programs; deem programs accredited by the Forest Stewardship Council, the American Tree Farm System, and the Sustainable Forestry Initiative as approved; allow family forest land owners who are third-party certified to apply for official recognition from the division; allow the division to collect reasonable fees; amend KRS 131.140 to require the Department of Revenue to advise property valuation administrations that a timber production assessment model should be used on recognized third-party certified family forest land; amend KRS 132.220 to require filing with property valuation administrators; amend KRS 149.330 to define "family forest land."
HB 111 - AMENDMENTS
HCS - Delete provisions relating to tax assessments; require LRC staff to study ways to encourage forest certification and the economic and constitutional issues surrounding the tax assessment of forest land.
Jan 9-introduced in House
Jan 10-to Economic Development (H)
Feb 5-posted in committee
Feb 14-reported favorably, 1st reading, to Consent Calendar with Committee Substitute
Feb 15-2nd reading, to Rules
Feb 19-posted for passage in the Consent Orders of the Day for Thursday, February 21, 2013
Feb 21-3rd reading, passed 100-0 with Committee Substitute
Feb 22-received in Senate
Feb 26-to Appropriations & Revenue (S)