1.1    .................... moves to amend H.F. No. 2362, the delete everything amendment
1.2(A07-0842), as follows:
1.3Page 62, after line 28 insert:

1.4    "Sec. 34. Minnesota Statutes 2006, section 290C.07, is amended to read:
1.5290C.07 CALCULATION OF INCENTIVE PAYMENT.
1.6    An approved claimant under the sustainable forest incentive program is eligible to
1.7receive an annual payment. The payment shall equal the greater of:
1.8    (1) the difference between the property tax that would be paid on the land using the
1.9previous year's statewide average total township tax rate and the class rate for class 2b
1.10timberland under section 273.13, subdivision 23, paragraph (b), if the land were valued
1.11at (i) the average statewide timberland market value per acre calculated under section
1.12290C.06 , and (ii) the average statewide timberland current use value per acre calculated
1.13under section 290C.02, subdivision 5;
1.14    (2) two-thirds of the property tax amount determined by using the previous year's
1.15statewide average total township tax rate, the estimated market value per acre as calculated
1.16in section 290C.06, and the class rate for 2b timberland under section 273.13, subdivision
1.1723 , paragraph (b); or
1.18    (3) $1.50 $5.00 per acre for each acre enrolled in the sustainable forest incentive
1.19program.
1.20EFFECTIVE DATE.This section is effective for payments made in 2008 and
1.21thereafter."
1.22Renumber the sections in sequence and correct the internal references
1.23Amend the title accordingly