Forest Land Protection Act. Logistics. Breaks 10:00 am Lunch ~ 11:30 or 12:00. Forest Land Protection Act. Georgia Forest Land Protection Act of 2008
~ 11:30 or 12:00
If base value is increased (indexed), should the property owner receive a notice of this change even when true FMV (‘J’) does not change?
Other wood and wood fiber productsSummary thus far: Primary Uses
If an owner has two contiguous 500 acre tracts, can the owner enter tract 1 into FLPA in 2010 and wait until 2012 to enter tract 2?
Tract of land was has been clear-cut entirely, but has not been replanted for 3 years, does this property qualify?
If transfer results in tract being 200 acres or less the property can continue in current covenant but can’t be renewed unless additional acreage is added to meet the 200+ acre minimumFLPA – Additional Rules
Property must be used for church or charitable purpose
Entity cannot transfer until end of covenant periodFLPA – Allowed w/o Breach
Acreage used is removed from covenant and appraised at FMV accordingto its use.FLPA – Allowed w/o Breach
Can a 1,000 acre tract lease 3 acres for a cellular tower?
1,500 acre tract currently in Conservation use has a cellular tower (6 acres) already, can that owner convert to FLPA?
Has completed 3 years of covenant
Has owned property for 15 years or inherited propertyFLPA – Breach w/ 1 Year Recapture