The bill amends sections 11-1C-10 and 11-1C-11 of the Code of West Virginia to change the certification frequency for landowner-managed timberland from annually to every five years. Landowners must submit written certification to the Division of Forestry, confirming compliance with the definition of managed timberland and adherence to an approved management plan. The bill also clarifies the rulemaking authority for the State Tax Commissioner and the Division of Forestry regarding the administration of these certifications and the valuation of managed timberland for tax purposes.

In addition to the certification changes, the bill emphasizes the preservation of high-quality forest land by providing incentives for private landowners. It establishes a framework for valuing certified managed timberland and outlines penalties for failing to notify the county assessor of any land use changes. The legislation mandates annual reports from the Division of Forestry and the Tax Commissioner to the Joint Committee on Government and Finance, assessing the program's impact on tax collection and the timber industry. Furthermore, it introduces an online renewal process for the Managed Timberland Program, set to be implemented by October 1, 2023, allowing for a streamlined application process without fees.

Statutes affected:
Introduced Version: 11-1C-10, 11-1C-11
Committee Substitute: 11-1C-10, 11-1C-11
Engrossed Committee Substitute: 11-1C-10, 11-1C-11
Enrolled Committee Substitute: 11-1C-10, 11-1C-11