This bill makes changes to the valuation method for the open space tax law. It extends eligibility for a reduced valuation to land managed under a forest climate resilience and carbon management plan and to land on which an approved wildlife habitat management plan has been certified. The bill allows a landowner determined to be a nonprofit organization by the United States Internal Revenue Service to apply for classification for more than an aggregate total of 15,000 acres under the laws governing the valuation of open space land. This bill also:
1. Increases the amount of the reduction of property taxes that land enrolled as open space is eligible for from 20% to 45% and reduces the additional reduction of property taxes that permanently protected open space land is eligible for from 30% to 25%;
2. Eliminates the additional percentage reduction in property taxes that forever wild open space land and managed forest open space land is eligible for; and
3. Provides an additional 25% reduction in property taxes to open space land for which an approved wildlife habitat management plan or forest climate resilience and carbon management plan has been completed.

Statutes affected:
Bill Text LD 1630, HP 1084: 36.1102, 36.1106, 36.1109, 36.1114