35 Miss. Code R. § 3-05-09-107
During year 1, Taxpayer has a reforestation prescription prepared which includes site preparation, planting seedlings by machine, and post-planting site preparation, on a 100 acre plot of land. In the fall of year 1, site preparation work was completed at a cost of $12,500. In the spring of year 2, planting of the seedlings was completed at a cost of $6,400. Later in year 2, post-planting site preparation was performed at a cost of $4,000, completing all of the reforestation practices contained in the prescription. For year 1, Taxpayer has eligible expenditures of $12,500. Upon certification by a qualified forester that site preparation work was completed and that the reforestation prescription was followed, Taxpayer may determine the amount of RTC earned for year 1. For year 2, Taxpayer has eligible expenditures of $10,400. Upon certification by a qualified forester that the prescription practices were completed and that the reforestation prescription was followed, Taxpayer may determine the amount of RTC earned for year 2. A RTC Form must be filed for each year covering the practices completed and each RTC Form must be signed by a qualified forester certifying that the practices were completed in accordance with the prescription or plan. In the event that Taxpayer chooses not to complete the prescription plan in Year 2 and uses the property for other purposes, the RTC earned in year 1 must be recaptured.
35 Miss. Code. R. § 3-05-09-107