PUBLIC Law Chapter 416

(b) For eligible timberlands held by the taxpayer

for at least an 11-year period__beginning on or

after January 1, 2005 but less than a 12-year

period beginning on or after January 1, 2005, 2/15

of the gain recognized on the sale of the eligible

timberlands;

(c)__For eligible timberlands held by the taxpayer
for at least a 12-year period__beginning on or
after January 1, 2005 but less than a 13-year
period beginning on or after January 1, 2005, 1/5
of the gain recognized on the sale of the eligible
timberlands;

(d)__For eligible timberlands held by the taxpayer
for at least a 13-year period__beginning on or
after January 1, 2005 but less than a 14-year
period beginning on or after January 1, 2005, 4/15
of the gain recognized on the sale of the eligible
timberlands;

(e)__For eligible timberlands held by the taxpayer
for at least a 14-year period__beginning on or
after January 1, 2005 but less than a 15-year
period beginning on or after January 1, 2005, 1/3
of the gain recognized on the sale of the eligible
timberlands;

(f)__For eligible timberlands held by the taxpayer
for at least a 15-year period__beginning on or
after January 1, 2005 but less than a 16-year
period beginning on or after January 1, 2005, 2/5
of the gain recognized on the sale of the eligible
timberlands;

(g)__For eligible timberlands held by the taxpayer
for at least a 16-year period__beginning on or
after January 1, 2005 but less than a 17-year
period beginning on or after January 1, 2005, 7/15
of the gain recognized on the sale of the eligible
timberlands;

(h)__For eligible timberlands held by the taxpayer
for at least a 17-year period__beginning on or
after January 1, 2005 but less than an 18-year
period beginning on or after January 1, 2005, 8/15
of the gain recognized on the sale of the eligible
timberlands;

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