Wisconsin Department of Natural Resources Adopts Regulations to Implement, Administer Forest Tax Programs

The Wisconsin Department of Natural Resources Jan. 6 adopted regulations relating to managed forest and forest crop programs for property tax purposes. The rules include measures: 1) repealing references to the assessment and collection of severance and yield taxes; 2) repealing the termination tax as a result of the statutory repeal of the Forest Crop Law; 3) providing certain exclusions from the definition of improvements, including hunting blinds and structures and fixtures needed for sound forestry; 4) increasing the minimum managed forest land (MFL) forest parcel size requirement for entry into the MFL program to 20 from 10 acres; and ...