GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1993

H	1 

HOUSE BILL 684

Short Title:  Reduce Forestland Minimum Acreage.	(Public)
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Sponsors: Representatives J. Brown; Barbee, Berry, Bowen, Bowman, Crawford, Creech, Culp, Daughtry, Dickson, Ellis, Grady, Holmes, Howard, Ives, James, Justus, Lee, Lutz, McCrary, McLaughlin, McLawhorn, Mercer, Miner, Mitchell, C. Preston, J. Preston, Robinson, Stewart, R. Thompson, Weatherly, and P. Wilson.
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Referred to:  Finance.
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March 31, 1993

A BILL TO BE ENTITLED
AN ACT TO REDUCE FROM TWENTY TO TEN THE MINIMUM NUMBER OF ACRES REQUIRED FOR A TRACT OF FORESTLAND TO QUALIFY FOR USE VALUE TAXATION.
The General Assembly of North Carolina enacts:
Section 1.  G.S. 105-277.3(a)(3) reads as rewritten:
"(3)	Individually owned forestland consisting of one or more tracts, one of which consists of at least 10 acres that are in actual production and are not included in a farm unit."
Sec. 2.  This act is effective for taxes imposed for taxable years beginning on or after January 1, 1993.  Notwithstanding the provisions of G.S. 105-277.4(a), an application for the benefit provided in this act for the 1993-94 tax year shall be considered timely if it is filed on or before September 1, 1993.