Below are some important SFIA dates to keep in mind.
Deadline to register your woodland management plan with the DNR to be eligible for SFIA the following calendar year.
Deadline to submit SFIA application to Department of Revenue. Covenant also must be recorded with the County Recorder's Office by this date.
Department of Revenue mails annual certification letters to all SFIA enrollees.
Deadline to submit an updated woodland stewardship plan, if necessary. Plans must be updated every 10 years to remain eligible for SFIA payments.
Deadline for SFIA claimant to submit annual certification letters to the Department of Revenue.
Department of Revenue sends out annual incentive payments.
SFIA payment rates are adjusted each year based on statewide average market values and tax rates. However, they cannot decrease or increase by more than 10 percent per year. Payment rates vary according to the kind of covenant you have:
- SFIA land that is also in a conservation easement has only one covenant length (8 years) and therefore only one payment amount.
- SFIA land without a conservation easement has three possible covenant lengths and three corresponding payment levels based on the length of the covenant and the number of acres enrolled.
Visit the Department of Revenue’s Sustainable Forest Incentive Act webpage for current payment rates.
Contact [email protected] if you have any questions or need additional information.