This bill mandates that the New Hampshire Department of Revenue Administration conduct a study on the impact of forest lands enrolled in carbon credit offset programs on timber tax revenue. The department is required to submit a preliminary report with findings and recommendations for potential legislation to the legislature by November 1, 2024, and a final report by November 1, 2025.

Additionally, the bill requires the Division of Forestry to create and maintain a public registry of all forest lands in New Hampshire that are enrolled in carbon programs. This registry must include specific information about the land and its owner, such as the owner's legal name, tax map and lot number, the name of the carbon program, enrollment date, period of enrollment, and acreage of the land. Landowners or their agents, or the administrators of the forest carbon program, must notify the local municipality or governing body of the enrollment. The act is set to take effect on July 19, 2024.

Statutes affected:
As Amended by the House: 227-G:4
As Amended by the Senate: 227-G:4
Version adopted by both bodies: 227-G:4
CHAPTERED FINAL VERSION: 227-G:4