(Second New Title) defining pre-sequestration timber tax revenue, establishing a moratorium on carbon sequestration and establishing a commission to study the effects of carbon sequestration in New Hampshire forests upon state and local tax revenue, effective forest management, and the health of New Hampshire’s logging industry.
Sponsored By: Arnold G Davis (Republican)
Signed by Governor
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
Timber owners face taxes with credits
Beginning April 1, 2025, New Hampshire towns and cities can tax mature, uncut timber as general property. Local assessing officials must find that leaving timber uncut unreasonably deprives the town or city of revenue. The timber must have reached maturity suitable for its use, including timber on land in the carbon sequestration registry. Owners have the same appeal rights as other property taxpayers. Taxes paid under this rule count as a credit against any later timber yield tax, the tax charged at harvest.
Sponsors & Cosponsors
Sponsor
Arnold G Davis
Republican • House
Cosponsors
Brian D Cole
Republican • House
James W Tierney
Republican • House
Mike Ouellet
Republican • House
Howard Pearl
r • Senate
Sean C Durkin
Republican • House
Roll Call Votes
No roll call votes available for this bill.
Actions Timeline
Signed by Governor Ayotte 07/15/2025; Chapter 164; eff. I. Sec 4 eff 11/01/2027 II. Rem eff 07/01/2025 HJ 18
7/22/2025HouseEnrolled (in recess of) 06/26/2025 HJ 18 P. 59
7/7/2025HouseEnrolled Adopted, VV, (In recess 06/26/2025); SJ 18
7/3/2025SenateHouse Concurs with Senate Amendment 2025-2133s (Rep. Pauer): MA DV 268-74 06/12/2025 HJ 17 P. 14
6/12/2025HouseOught to Pass: MA, VV; OT3rdg; 05/22/2025; SJ 14
5/22/2025SenateCommittee Report: Ought to Pass, 05/22/2025; Vote 3-0; CC; SC 22A
5/21/2025SenateHearing: 05/21/2025, Room 100, SH, 09:00 am, on proposed amendment # 2025-2214s; SC 22
5/15/2025SenateReferred to Ways and Means, 05/15/2025; SJ 13
5/15/2025SenateOught to Pass with Amendment #2025-2133s, MA, VV; 05/15/2025; SJ 13
5/15/2025SenateCommittee Amendment # 2025-2133s, AA, VV; 05/15/2025; SJ 13
5/15/2025SenateCommittee Report: Ought to Pass with Amendment # 2025-2133s, 05/15/2025; Vote 4-1; CC; SC 21A
5/13/2025SenateHearing: 05/06/2025, Room 103, SH, 09:00 am; SC 20
4/29/2025SenateIntroduced 03/20/2025 and Referred to Energy and Natural Resources; SJ 9
3/24/2025SenateReferral Waived by Committee Chair per House Rule 47(f) 03/20/2025 HJ 9 P. 18
3/20/2025HouseReferred to Ways and Means 03/13/2025 HJ 8 P. 95
3/13/2025HouseOught to Pass with Amendment 2025-0654h: MA RC 197-158 03/13/2025 HJ 8 P. 95
3/13/2025HouseAmendment # 2025-0654h (NT): AA VV 03/13/2025 HJ 8 P. 92
3/13/2025HouseLay HB123 on Table (Rep. Osborne): MF DV 171-185 03/13/2025 HJ 8 P. 93
3/13/2025HouseRemoved from Consent (Reps. Kuttab, Popovici-Muller, Boehm, Turcotte, Scully, Perez, D. Kelley, Tom Mannion, Seaworth, Granger) 03/06/2025 HJ 8 P. 2
3/11/2025HouseCommittee Report: Ought to Pass with Amendment # 2025-0654h (NT) 03/03/2025 (Vote 18-0; CC)
3/5/2025HouseExecutive Session: 03/03/2025 01:00 pm LOB 301-303
2/27/2025HousePublic Hearing on non-germane Amendment # 2025-0153h: 02/18/2025 09:50 am LOB 201
2/12/2025HousePublic Hearing: 02/10/2025 01:00 pm LOB 301-303
2/5/2025HouseIntroduced 01/08/2025 and referred to Municipal and County Government HJ 2 P. 6
1/6/2025House
Bill Text
Enrolled
7/3/2025
Introduced
1/6/2025
CHAPTERED FINAL VERSION
Version adopted by both bodies
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