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ME LD1630
Bill
Status
5/20/2025
Primary Sponsor
Daniel Sayre
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AI Summary
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Increases the base property tax reduction for all open space land from 20% to 45%, while reducing the additional reduction for permanently protected open space from 30% to 25%
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Creates two new qualifying categories for an additional 25% tax reduction: land with an approved wildlife habitat management plan and land with a forest climate resilience and carbon management plan
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Eliminates the "forever wild" open space category and the "managed forest" open space category as separate tax reduction classifications
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Adds "managing woodland for climate resilience or forest carbon storage and sequestration" as a new qualifying purpose for open space land designation
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Exempts 501(c)(3) nonprofit organizations from the 15,000-acre limit on open space classification applications
Legislative Description
An Act to Amend the Open Space Tax Law
Property Tax
Last Action
Pursuant to Joint Rule 310.3 Placed in Legislative Files (DEAD)
5/20/2025