A new proposed bill would provide real property tax incentives to landowners who voluntarily place permanent protective easements on their forested lands. State law currently provides real property tax reductions for landowners who manage a minimum number of acres of their land for timber production for a period of at least ten years pursuant to a timber management plan approved by the Department of Environmental Conservation (DEC). Landowners who meet these criteria receive a real property tax exemption of up to 80 percent of the assessed valuation of the lands subject to the approved timber management plan. The new bill would provide similar real property tax relief for landowners who place at least ten acres of forested land under a conservation easement that ensures that the tract will be permanently maintained as wild forest land and prohibits the cutting, removal or destruction of trees on the tract (with certain exemptions such as DEC-approved actions to address invasive species).