Forest Health Protection Program Cost Share Approved for Income Exclusion
On August 10, 2009, the IRS issued Revenue Ruling 2009-23 to approve the Forest Health Protection cost share payment received by landowners are eligible for exclusion from their gross income under Sec. 126. This ruling applies to programs that treat forest insects such as southern pine beetles and western bark beetles; forest diseases; and forest invasive plants where landowners are paid a portion of the cost to practice integrated pest management.
See Income Tax on Cost Share Payment from the Forest Health Protection Program for tax guidelines.