New York S05504 amends the agriculture and markets law to require payments for oil or gas exploration on agricultural land, while exempting solar.

New York S05504 amends the agriculture and markets law to require payments for land converted for oil or gas exploration. These payments equal five times the taxes saved in the last year the land benefited from an agricultural assessment. Conversely, the bill exempts property converted for solar development from such payments. It also mandates regulations to protect prime and unique farmland when converting land for solar development.

New York S05504 amends the agriculture and markets law to require payments for oil or gas exploration on agricultural land, while exempting solar.

New York S05504 amends the agriculture and markets law to require payments for land converted for oil or gas exploration. These payments equal five times the taxes saved in the last year the land benefited from an agricultural assessment. Conversely, the bill exempts property converted for solar development from such payments. It also mandates regulations to protect prime and unique farmland when converting land for solar development.