SB6498 – Valuing the carbon in forest riparian easements.
Prime Sponsor – Senator Braun (R; 20th District; Cowlitz and Lewis Counties)
Current status – Had a hearing in the Senate Committee on Agriculture, Water, Natural Resources & Parks January 30th. Failed to make it out of committee by 2020 cutoff; dead bill.
Next step would be –
Legislative tracking page for the bill.
HB2714 is a companion bill in the House.
Summary –
The bill amends the current legislation about compensating landowners for forest riparian easements, specifying that the fair market value of the qualifying timber has to include any value attributable to the carbon stored in it, or reserve that value to be otherwise used or marketed by the landowner.