HB 1697 (2024)
Study issues related to timber tax revenue, carbon credit programs
Summary:
Suspends New Hampshire's participation in emissions reduction credit programs administered by the Department of Environmental Services for a period of 2 years. According to the Department, this would eliminate the revenue New Hampshire gets from the Regional Greenhouse Gas Initiative (RGGI).
The House completely rewrote the bill. The new bill requires the Department of Revenue Administration to conduct a study of the issues related to lost timber tax revenue as a result of forest lands being enrolled in carbon credit offset programs. The bill also requires the Division of Forestry to establish a public registry of all forest lands enrolled in a carbon program.
Bill Became Law?:
Yes
Status:
Status Detail:
Signed by Governor
Public Hearing Date:
04/09/2024 09:30 am
Public Hearing Location:
SH Room 103
House Voting Date:
02/22/2024
Senate Voting Date:
05/02/2024
Want hearing dates, vote records or the full bill text? See more on the Statehouse website
https://gencourt.state.nh.us/bill_status/billinfo.aspx?id=2225&inflect=2
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