If you are a Virginia landowner who harvests timber and maintains a streamside buffer, you may qualify for a tax credit. This credit is 25% of the value of the timber you keep as a buffer, with a maximum credit of $17,500 for the tax year when the harvesting is completed. Eligible entities include individuals, partnerships, S-corporations, family partnerships, grantors, trusts, and limited liability companies.

One of the most effective forestry best management practices to protect water quality is the streamside buffer. Landowners who harvest timber and retain a streamside buffer may be eligible for a tax credit for a portion of the value of the timber retained as a buffer. Landowners who harvest timb… Show More