Sec. 1. 36 MRSA §573, sub-§3-A, as amended by PL 1995, c. 236, §2, is further amended to read:

3-A. Forest management and harvest plan. "Forest management and harvest plan" means a written document that outlines activities to regenerate, improve and harvest a standing crop of timber. The plan must include the location of water bodies and wildlife habitat identified by the Department of Inland Fisheries and Wildlife. A plan may include, but is not limited to, schedules and recommendations for timber stand improvement, harvesting plans and recommendations for regeneration activities. The plan must may be prepared by either the landowner or a licensed professional forester or a landowner and be reviewed and certified by a licensed professional forester as and must be consistent with this subsection and with sound silvicultural practices.

Sec. 2. 36 MRSA §574-B, sub-§§2 and 3, as enacted by PL 1989, c. 555, §16, are amended to read:

2. Evidence of compliance with plan. The landowner must comply with the plan developed under subsection 1, and must submit, every 10 years to the municipal assessor in a municipality or the State Tax Assessor for parcels in the unorganized territory, a statement from a licensed professional forester that the landowner is managing the parcel according to schedules in the plan required under subsection 1; and

3. Transfer of ownership. If the land is transferred to a new owner, a forest management and harvest plan must be prepared for the landowner and a sworn statement to that effect submitted within one year to the municipal assessor in a municipality or the State Tax Assessor for the unorganized territory.

Parcels of land subject to section 573, subsection 3, paragraph B or C, are exempt from the requirements under this section.

Sec. 3. 36 MRSA §5219-C, as repealed and replaced by PL 1991, c. 377, §20, is amended to read:

§5219-C. Forest management planning income credits

Once every 10 years, an individual who elects to have a licensed professional forester prepare a forest management and harvest plan is allowed a credit against the tax otherwise due under this Part for the lesser of $200 or the individual's cost for having a forest management and harvest the plan developed for a parcel of forest land greater than 10 acres. For purposes of