Georgia Dept. of Revenue reviews Forest Land Protection Act that reduces property tax rates for forestland owners who commit to conservation program, alleges 'questionable practices' in Wayne County relating to act, plans audit

Wendy Lisney

Wendy Lisney

LOS ANGELES , January 15, 2014 () – The Georgia Dept. of Revenue has reviewed the state's Forest Land Protection Act (FLPA) after report from the department found “questionable practices” relating to the act in Wayne County.

The department now plans to audit the Wayne County Tax Assessors Office, according to a report by The Press Sentinel.

Although the report focused on Wayne County, it could have wider implications for the state, as it was undertaken to review the FLPA formula and assess its effects on businesses and industries in Georgia.

The FLPA formula promotes land conservation by reducing property tax rates for forestland owners who commit to conserving their land for a 15-year period.

The report noted that if enrollment in the program has a negative impact on the overall tax digest, local taxing authorities are eligible to receive a state assistance grant, The Press Sentinel reported.

The primary source of this article is The Press Sentinel, Jesup, Georgia, on Jan. 7, 2014.

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.

Share:

About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025

+1 (310) 553 0008

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.