Forest land compensating tax

From the 2024 DOR Tax Exemption Study

84.33.140(13,14) - Forest land compensating tax Description When removing forest land from the designated forest land program, landowners must pay a compensating tax due to the lower land valuations associated with this program. This statute waives the compensating tax for removing forest land in the following situations: - Transferring the land to a government entity in exchange for other forest land in Washington. - Taking the land through eminent domain or threat of eminent domain. - Donating the title, development rights, or right to harvest to a government agency or organization. - Selling or transferring the land to a government entity or nonprofit nature conservancy for conservation purposes, such as state natural area preserve purposes. - Transferring the land to the parks and recreation commission. - Official action by a Washington state agency or the county or city in which the land is located that disallows the present use of the land, - Creating or transferring a forestry riparian easement. - Creating or transferring a conservation easement of private forest lands within a migration zone or containing critical habitat for threatened or endangered species. - Transferring