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SF 1785 Senate Long Description

Modifying certain provisions under the sustainable forest resources management incentive program; modifying eligibility requirements and withdrawal procedures for enrolled lands; modifying certain length of covenant requirements; modifying the formula for calculation of incentive payments; requiring the commissioner of revenue in consultation with the commissioner of natural resources (DNR) and the university of Minnesota department of forest resources to recommend to the legislature a method for adjusting the payment to reflect changes in land and timber values; appropriating money annually to the commissioner of natural resources (DNR) to promote the program; repealing certain provisions relating to the definitions of current use value and capitalization rate and the calculation of average estimated market value for timberland
(je)