HB 3370 – Inheritance tax protection

HB 3370 helps families who inherit timber land by giving them a break if they miss a tax paperwork deadline due to a loved one’s death. It ensures the property can still qualify for the lower tax rate under timber appraisal rules without facing a financial penalty, as long as it was already appraised that way before. It corrects a gap in current law that treats timber land differently from agricultural land in similar situations. By extending fairness to timber landowners, the bill reduces bureaucratic red tape during times of personal loss. It also ensures that families aren’t hit with surprise tax hikes or penalties simply because they weren’t aware of technical filing requirements. Supporting this measure aligns with protecting private property rights and preventing unnecessary government overreach.