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Senate Finance amends miscellaneous agriculture bill to validate "heavy cut" rule retroactively, strips capital-gains farm exemption
Summary
Senate Finance agreed to remove a last-minute capital-gains exemption for farm transfers from the miscellaneous agriculture bill and to include language validating the Department of Forests, Parks and Recreation’s long-applied 'heavy cut' notice rule, while requiring formal publication in the Code of Vermont Rules within a year.
Senate Finance on Thursday agreed to strip a proposed capital-gains exemption for certain farm sales from a miscellaneous agriculture bill and instead to include language validating the state’s long-applied notice rule for large timber harvests — commonly called a “heavy cut” rule — while directing the department to publish the rule formally in the Code of Vermont Rules within a year.
Damian Leonard of the Office of Legislative Council explained the rationale for the retroactive validation. Leonard said the secretary of state’s 2016 administrative changes require rules in effect on July 1, 2016, to be published in…
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