Provides that local assessing units shall determine tax abatement granted to freshwater wetlands, subject to rules and regulations of commissioner of taxation and finance

Provides that local assessing units shall determine the amount of the tax abatement granted to freshwater wetlands, subject to the rules and regulations of the commissioner of taxation and finance; provides such commissioner shall establish a standard application form for such tax abatement; provides that the tax savings provided by real property taxing authorities to freshwater wetlands shall be a state charge.