Page 10 - Georgia Forestry - Issue 3 - Summer 2023

FLPA (FOREST LAND PROTECTION ACT) 5,900,039 # OF ACRES ENROLLED 12,337
# OF PARCELS ENROLLED $35,926,358 AMOUNT OF TAX SAVINGS
TRAITS WE BREED FOR
● Wood Quality
● Straightness
● Disease Resistance ● Volume
● Tree Form
SOURCE: Property Tax Administration Annual Report – published by the Georgia Department of Revenue.
Continued Commitment to Supporting Landowners In 2018, GFA approached the state legislature with a need to provide ad valorem tax relief to forestry companies that could not commit to a 10-year covenant. These companies bought and sold timber tracts, often within a 10-year period. The resulting legislation came to be known as the Qualified Timber Program (QTP), which allowed for a tax reduction without covenant or ownership requirements. Instead, landowners have to enroll annually with the Department of Revenue and prove or show evidence that their timberland was in active timberland production. Through QTP, property is taxed at approximately $10 per acre versus the standard $22 per acre for those not enrolled in the program.
SEEDLING SALES
1-800-635-0162 (AL, AR, E. TX ,LA, MS, OK) 1-800-634-8975 (AL, FL, GA, SC, TN)
Where We Are Today Thanks to leadership from GFA and GFB members and legislative champions like Royal, McCall and so many more, Georgia has continued to lead in agribusiness and forestry.
There is no question that these tax programs have resulted in real economic benefit. Georgia is the #1 forestry state
8 | GEORGIA FORESTRY