The bill also authorizes the Tax Commissioner to propose legislative rules setting forth methodologies for determining the appraised value of managed timberland is certified and for timberland that is not certified. All non-certified managed timberland is to be appraised at fair market value, with the exception on farm woodlots. Owners of managed timberland who are receiving preferential valuation as managed timberland and changes the land for another use that would disqualify the property from valuation must notify the county assessor of the change in use. The Director of the Division of Forestry may also investigate a suspected change in use. Gasoline and Special Fuel Tax Exemptions House Bill 4253 exempts propane gas for off road use from the excise tax on gasoline or special fuel.
Propane is designated as a clean-burning alternative fuel under the Federal Clean Air Act.
Previously, the sale of propane gas was a refundable exemption. The measure reduces paperwork in processing such refunds for the Tax Division and the taxpayer. When less than 500 gallons of fuel is sold to certain governmental agencies by a fuel distributor or producer through special devices, such as the cardlock system, no excise tax or consumer sales and service tax must be paid, according to the provisions in HB 2882 . Applications for tax refunds will no longer be necessary. Previously, when gasoline and special fuel was sold to certain governmental entities in bulk quantities of 500 gallons or more, no excise tax was due because those entities were already exempted from the tax.