The Mississippi Reforestation Tax Credit provides a Mississippi income tax credit up to 50% of the cost of approved hardwood and pine reforestation practices.
About the Tax Credit
The tax credit promotes reforestation on non-industrial private forestland.
Who Qualifies for the Credit?
The credit applies only to individuals or groups of non-industrial private forest landowners.
Requirements for Qualification
Landowners must have a reforestation plan prepared by a Registered Forester. The work must be verified by a Registered Forester on Mississippi tax form 80-315 and submitted to the Mississippi Department of Revenue by the landowner to qualify.
The cost of planting orchards, Christmas trees, or ornamental trees does not qualify. Forest acreage already enrolled in a state or federal incentive program is not eligible for the tax credit. However, certain landowners may be eligible for the tax credit in addition to incentive payments. Please contact a professional tax advisor for further information.
Contact Mississippi Reforestation Tax Credit
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Mississippi Reforestation Tax Credit is not employed by or affiliated with the Land Conservation Assistance Network, and the Network does not certify or guarantee their services. The reader must perform their own due diligence and use their own judgment in the selection of any professional.