Expands real property tax exemption to include land used for processing or retail merchandising of agricultural products.

New York Senate Bill S01878 amends the agriculture and markets law and the real property tax law to expand the real property tax exemption for land used in agricultural production. This exemption now includes land used for processing or retail merchandising of agricultural products. The bill also specifies that the exemption applies to structures and buildings used for various agricultural activities, such as raising and producing agricultural and horticultural commodities, training and exercising horses, and producing maple syrup.

Expands real property tax exemption to include land used for processing or retail merchandising of agricultural products.

New York Senate Bill S01878 amends the agriculture and markets law and the real property tax law to expand the real property tax exemption for land used in agricultural production. This exemption now includes land used for processing or retail merchandising of agricultural products. The bill also specifies that the exemption applies to structures and buildings used for various agricultural activities, such as raising and producing agricultural and horticultural commodities, training and exercising horses, and producing maple syrup.