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MS SB2861
Bill
AI Summary
- Increases the annual maximum income tax credit for approved reforestation practices from $10,000 to $20,000 per taxable year
- Raises the lifetime cap on reforestation tax credits from $75,000 to $125,000 per eligible owner
- Eligible reforestation practices include pine and hardwood tree planting, mixed-stand regeneration, direct seeding, and post-planting site preparation for trees suitable for manufacturing into forest products
- Credit applies only to nonindustrial private landowners; corporations that manufacture products or provide utility services are excluded
- Effective date of July 1, 2026
Legislative Description
Income tax; increase amount of credit for approved reforestation practices.
Last Action
Died In Committee
2/25/2026
Committee Referrals
Finance1/19/2026
Full Bill Text
No bill text available