Qualified forest property definition

Qualified forest property means a parcel of real property that meets all of the following conditions as determined by the department:
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Qualified forest property means that term as defined in section 7jj[1].
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Qualified forest property means a parcel of real property that meets all of the following conditions as determined by the department of agriculture and rural development:
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Examples of Qualified forest property in a sentence

  • Qualified forest property is:(1) Property not less than 20 vacant, contiguous acres in size, of which not less than 80% is productive forest capable or producing wood products(2) Is stocked with forest products(3) Has no buildings or structures located on the real property, and(4) Is subject to an approved forest management plan.


More Definitions of Qualified forest property

Qualified forest property means that term as defined in section 7jj of the general property tax act, 1893 PA 206, MCL 211.7jj[1].
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Qualified forest property means that term as defined in section 7jj[1]. This act is ordered to take immediate effect.
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Related to Qualified forest property

  • Replacement Property means any property which is placed in service as a replacement for any item of Equipment or any Improvement previously subject to this Fee Agreement regardless of whether such property serves the same functions as the property it is replacing and regardless of whether more than one piece of property replaces any item of Equipment or any Improvement to the fullest extent that the FILOT Act permits.

  • Development Property means a Property currently under development for use as an office or industrial building that has not become a Stabilized Property, or on which the improvements (other than tenant improvements on unoccupied space) related to the development have not been completed, provided that such a Development Property on which all improvements (other than tenant improvements on unoccupied space) related to the development of such Property have been completed for at least twelve (12) months shall cease to constitute a Development Property notwithstanding the fact that such Property has not become a Stabilized Property.

  • Designated Foreign Subsidiaries means all members of the Company Group that are organized under the laws of any jurisdiction or country other than the United States of America that may be designated by the Board or the Committee from time to time.

  • Developed Property means all Assessor’s Parcels of Taxable Property for which Building Permits were issued on or before May 1 of the prior Fiscal Year, provided that such Assessor's Parcels were created on or before January 1 of the prior Fiscal Year and that each such Assessor's Parcel is associated with a Lot, as determined reasonably by the Board.

  • Applied For means that you have already applied for a TIN or that you intend to apply for one soon. Caution: A disregarded U.S. entity that has a foreign owner must use the appropriate Form W-8.