2. To be eligible for reimbursement of property taxes, the development expenses must
(1) have an impact on the establishment, maintenance or improvement of a timber stand;
(2) comply with applicable municipal by-laws;
(3) be described in Schedule 1;
(4) have been incurred by a certified forest producer during the last calendar year, in cases where the producer is a natural person, or during the last fiscal year, in other cases;
(5) be described in the report provided for in section 5.