Compilation of Rules and Regulations of the State of Georgia
Department 560 - RULES OF DEPARTMENT OF REVENUE
Chapter 560-11 - LOCAL GOVERNMENT SERVICES DIVISION
Subject 560-11-16 - QUALIFIED TIMBERLAND PROPERTY
Rule 560-11-16-.02 - Definitions
Current through Rules and Regulations filed through September 23, 2024
As used in this Article, the term:
(a) "Bona Fide Production of Trees" means the good faith, real, actual, and genuine production of trees for commercial uses.
(b) "Contiguous" means real property within a county that abuts, joins, or touches and has the same undivided common ownership. If an applicant's tract is divided by a county boundary, public roadway, public easement, public right of way, natural boundary, land lot line, or railroad track, then the applicant may make an election at the time of application to declare the tract as contiguous irrespective of a county boundary, public roadway, public easement, public right of way, natural boundary, land lot line, or railroad track.
(c) "Department" means the Georgia Department of Revenue.
(d) "Forest Management Plan" means a plan written by a registered forester to manage a forest stand in accordance with accepted commercial forestry practices. Forest Management Plans may include, but are not limited to, information about soils, logging methods, disease or insect problems, road conditions, growth and age data, environmental concerns, and recommended silvicultural treatments and their timing.
(e) "Qualified Owner" means an individual or entity that meets the conditions of Code Section 48-5-603.
(f) "Qualified Timberland Property" (QTP) means timberland property that meets the conditions of Code Section 48-5-604. Such property shall be classified as a separate and distinct class of tangible property for ad valorem tax purposes.
(g) "Timberland Property" means tangible real property that has as its primary use the Bona Fide Production of Trees for commercial uses.
O.C.G.A. §§ 48-2-12, 48-5-600, 48-5-607.
