SB126-SA1,1,4
3"1m. "Original order" means a managed forest land order that is in effect on the
4date on which a catastrophic event occurs.".
SB126-SA1,1,11
6"(c) 1. For 10 years following the expiration of an original order, an owner of
7managed forest land described under par. (b) may pay, for those tracts that qualify
8for an extension of the due date of yield taxes under s. 77.87 (3m), the annual per acre
9amount established under the original order instead of the annual per acre amount
10established under any renewal of the original order provided that the managed forest
11land continues to be subject to a managed forest land order.
SB126-SA1,2,412
2. If both the catastrophic event and the renewal of the original order occur
13before the effective date of this subdivision .... [LRB inserts date], then beginning on
1the effective date of this subdivision .... [LRB inserts date], and ending 10 years
2following the expiration of the original order, the owner may pay the annual per acre
3amount established under the original order instead of the annual per acre amount
4established under the renewal of the original order.
SB126-SA1,2,10
84. Page 5, line 5: after "owner" insert ", or until the date on which the owner
9sells or otherwise transfers ownership of the tract for which the payment extension
10request was made, whichever occurs first".
SB126-SA1,2,13
12"(1) This act first applies to yield taxes assessed under section 77.87 (1) and (2)
13of the statutes on the effective date of this subsection.".
