New York S01306 creates a real property tax exemption for land of a farm operation being certified for organic crop production.
New York S01306 amends the agriculture and markets law to create a real property tax exemption for land of a farm operation in the process of being certified for organic crop production. The exemption applies to land that meets all eligibility requirements and is certified organic by the end of the three-year exemption period. The land must remain in agricultural production and cannot exceed fifty percent of the farm operation's total assessed value. The exemption also applies to land damaged or destroyed by disaster.
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