An Act To Require Forest Landowners To Report The Registration Or Sale Of Their Forest Carbon Credits

LD 39 requires Maine forest landowners or their carbon credit developers to report details about registered or sold forest carbon credits to the Department of Agriculture, Conservation and Forestry. The report must include project specifics, landowner information, acreage details, tax status, conservation easements, and credit sales data within 60 days of registration or sale. Landowners with projects over 1,000 acres must pay a $200 initial fee, while updates for sales or retirements are fee-free. This applies to all forest carbon projects registered under voluntary or regulatory protocols in Maine, directly affecting landowners participating in carbon credit programs. The law aims to create a public record of these transactions for transparency and oversight.