NEW HAMPSHIRE yield tax on timber, often called the “timber tax,” was established in 1949 and has been locally collected to offset property taxes ever since. …The yield tax on timber has been an essential tool for promoting conservation, helping the timber industry, and stabilizing municipal revenues in heavily timbered towns. …The legislation would, “…encourage conservation of the forest resources of [New Hampshire] by releasing growing wood and timber from the yearly burden of local property taxes and substituting a yield tax….” The timber tax has been very effective achieving these goals… The current policy strikes an excellent balance between industry and conservation. There is a new government-promoted industry threatening New Hampshire’s timber industry, loggers, timber processors, and heavily timbered towns that depend on timber tax revenues. Carbon credits.