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Tax Exemption

Started by cheyenne, January 31, 2009, 10:06:34 PM

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cheyenne

Is there anyone here on the forum from New York that has participated in the 480a Forest Tax exemption program. Good or Bad deal ????   Cheyenne
Home of the white buffalo

bitternut

I have been advised by a very knowledgeable legal and forestry authority not to place my woods into the 480 plan. I put a lot of faith in his opinions and advice. Your circumstances may warrant other action but I have my doubts. Of all my acquaintances that own forestland none of them participate in the program.

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