CT HB06263

Allows forest land owners to convert from the ten mill program to section 12-107d provisions without penalty, including penalties for standing timber value, if a sale or donation of the land to a nonprofit land preservation organization or a permanent conservation easement precedes the conversion.

Enables conversion for owners who previously had the option between October 1, 1972 and October 1, 1973, plus owners taking advantage of the new conversion window created by this act.

After the fiftieth anniversary of initial forest land classification, owners electing to continue the ten mill program shall pay annual taxes not exceeding the amount owed under section 12-107d; those discontinuing the program are subject to applicable penalties.

Clarifies that nothing in the amended sections affects other agreements between landowners and their towns.

Applies the transition provisions to all three forest land classifications under sections 12-96, 12-97, and 12-98 of the general statutes.