The Hardwood Initiative Tax Credit is available to any person paying for a Hardwood Best Management Practice. The tax credit is equal to the unreimbursed expenditures of the practice up to a maximum of $1,000 per applicant per year. Applicants must submit a plan to DOF for verification that it contains an eligible practice, and complete and pay for the practice in one calendar year. Individuals may receive the credit in addition to cost-share or incentive payments if they are less than the applicant’s cost. Available cost-share opportunities include: Hardwood Initiative Cost-share (HCS), Environmental Quality Incentives Program (EQIP), Conservation Stewardship Program (CSP), Virginia Agricultural Cost-share (VACS), and Conservation Reserve Enhancement Program (CREP).
SECTION 1 – Applicant Information
Name:
Mailing Address:
City:	State:	Zip:
Phone:	Fax:
E-mail:
SECTION 2 – Plan Approval
Plan prepared by:	Plan Date:
Plan Type:	Stewardship	Land Use	Stand	Cost-Share	Other:
Tract #:	Stand:	Acres Treated:
Hardwood Best Management Practices:
Competing Vegetation	Mid-story Removal	Other:
Crop Tree Release	Prescribed Burning and Firebreaks Other:
Hardwood Afforestation Planting	Timber Stand Improvement Other:
Specific Recommendations:
SECTION 3 – Verification of Work Completed
I have inspected the project area and verify the work was completed as planned.
Area Forester Name (Print)	Area Forester Signature	Date
SECTION 4 – Tax Credit Information
Total Cost (invoice/receipt attached):	A.	$
Subtract Cost-Share Received (if any):	B.	— $
Total Expenditures (Difference between total cost and cost-share incentives):	C.	$
Tax Credit (Total of line C or $1,000 whichever is less):	D.	$
Cost-Share Program:	None	HCS	EQIP	CSP	VACS	CREP	Other:
I have completed and paid for all practices by:	/	/	(MM/DD/YYYY) (determines tax year the credit is redeemable for)
Social Security Number/Tax ID:
All information contained here is accurate and complete.
Applicant Name (Print)	Applicant Signature	Date
SECTION 5 – DOF Certification
Application Number:
I have reviewed the application and certify the tax credit in the amount of:	$
Hardwood Initiative Coordinator Name (Print)	Hardwood Initiative Coordinator Signature	Date