PUBLIC Law Chapter 622

(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;

(i) For eligible timberlands held by the taxpayer
for at least an 18-year period beginning on or
after January 1, 2005 but less than a 19-year
period beginning on or after January 1, 2005, 3/5
of the gain recognized on the sale of the eligible
timberlands;

(j) For eligible timberlands held by the taxpayer
for at least a 19-year period beginning on or
after January 1, 2005 but less than a 20-year
period beginning on or after January 1, 2005, 2/3
of the gain recognized on the sale of the eligible
timberlands;

(k) For eligible timberlands held by the taxpayer
for at least a 20-year period beginning on or
after January 1, 2005 but less than a 21-year
period beginning on or after January 1, 2005,
11/15 of the gain recognized on the sale of the
eligible timberlands;

Amendments	Public Hearing Schedule	Committee Information
Committee List	Work Session Schedule	Title & Section

	Search Bill Text	Legislative Information
Bill Directory	Search Bill Status	Session Information
119th Legislature Bills	Search Bill Status	Maine Legislature

Office of Legislative Information 100 State House Station Augusta, ME 04333		voice: (207) 287-1692 fax: (207) 287-1580 tty: (207) 287-6826
Word Viewer for Windows		Disclaimer