[§235-19]  Exceptional trees; tax deduction. (a)  Subject to subsection (b), there shall be allowed as a deduction fromgross income the amount, not to exceed $3,000 per exceptional tree, for amountspaid, excluding interest paid or accrued thereon, during the taxable year by anindividual taxpayer for expenditures to maintain, on the taxpayer's realproperty, each exceptional tree that has been designated by the county arboristadvisory committee under chapter 58 as an exceptional tree.

(b)  No deduction shall be allowed to exceedthe amount of expenditures deemed reasonably necessary by a certifiedarborist.  No deduction shall be allowed in more than one taxable year out ofevery three consecutive taxable years.

(c)  The director of taxation shall preparesuch forms as may be necessary to claim a tax deduction under this section, mayrequire proof of the claim for the tax deduction, including an affidavit signedby the certified arborist, and may adopt rules pursuant to chapter 91.

(d)  For the purpose of this section, the term"exceptional tree" shall have the same meaning as defined in section58-3. [L 2004, c 195, §2]

 

Note

 

  Section applies to amounts paid in taxable years beginningafter December 31, 2003.  L 2004, c 195, §4.