HB 123 (2025)
Study carbon sequestration, allow related PILOT agreements
This bill became law.
Enables municipalities to collect tax on standing wood or timber on land that has been enrolled in the carbon sequestration registry. The bill allows the assessment of the 10% yield tax on the metric tonnage of carbon sequestered from the timber enrolled in forest carbon programs.
The Senate rewrote the bill. Their version of the bill establishes a moratorium on carbon sequestration contracts, establishes a commission to study carbon sequestration programs, and allows for payment in lieu of taxes on pre-sequestration timber tax revenue.
The Senate also added the substance of their bill to HB 560.
The data you see here is pulled daily from official government databases. The bill summary is created by Citizens Count staff. Learn more about our methodology for summarizing and updating bills. Visit the official New Hampshire government website for a deep-dive on this bill.
