GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1989

H	1 

HOUSE BILL 1397

Short Title:  Christmas Tree Use Value.	(Public)
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Sponsors: Representatives G. Wilson; Albertson, Bowman, Brown, Buchanan, Culp, DeVane, Diamont, Flaherty, Jack Hunt, Sam Hunt, Isenhower, James, Kimsey, Lail, Ligon, Loflin, Lutz, Mercer, Mills, Privette, Robinson, Weatherly, and P. Wilson.
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Referred to:  Finance.
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April 27, 1989

A BILL TO BE ENTITLED
AN ACT TO PROVIDE SPECIAL RULES FOR USE VALUE TAXATION OF CHRISTMAS TREES.
The General Assembly of North Carolina enacts:
Section 1.  G.S. 105-277.3 is amended by adding a new subsection to read:
"( e)	Notwithstanding the provisions of subsection (a), the one thousand dollar ($1,000) income requirement for horticultural land shall not apply to land used for the production of evergreens intended for use as Christmas trees.  On or before January 1, 1990, the Department of Revenue shall, upon the recommendation of the Use Value Advisory Board, adopt rules for income requirements to be applied to such horticultural land.  The rules shall provide an equivalent income requirement taking into consideration the initial five-year growth period before evergreens are ready to be transplanted to the field, the six- to ten-year growth period after transplant before evergreens are ready for harvest, normal variations in growth periods among trees transplanted at the same time, and the income fluctuations that may result from these lengthy and varied growth periods."
Sec. 2.  This act is effective for taxable years beginning on or after January 1, 1990.