An Act To Amend The Open Space Tax Law

LD 1630 amends Maine's Open Space Tax Law to expand eligibility for reduced property taxes on forested land. It adds "managing woodland for climate resilience or forest carbon storage" as a qualifying purpose for open space land classification (Section 5, paragraph E), directly affecting landowners who manage forests for carbon sequestration. The bill defines new requirements for "Forest climate resilience and carbon management plans" (Section 4-C), including scientific practices and location details. It also establishes "Managed forest open space land" as a new tax category with a 10% additional valuation reduction (Section 9, paragraph E), distinct from existing categories like "Forever wild" or "Public access" land.