MS SB2816

Increases the maximum annual income tax credit for reforestation practices from $10,000 to $20,000 per taxable year.

Raises the lifetime maximum credit an eligible owner may claim from $75,000 to $125,000 in the aggregate.

Credit remains available to private individuals, groups, and associations (excluding corporations) who incur costs for planting pine, hardwood, or mixed-stand tree crops on eligible lands.

Eligible costs include seedlings, planting, site preparation, and post-planting competition control on nonindustrial private lands for trees suitable for manufacturing into forest products.

Effective date: July 1, 2025.