Expands tax exemption for new farm buildings to include those used for on-farm retail sales.

This bill amends the real property tax law to expand the tax exemption for new farm buildings to include those used for on-farm retail sales. The exemption applies to buildings used directly and exclusively in the raising and production for sale of agricultural and horticultural commodities, but not for processing or retail merchandising. The change takes effect one year after the bill becomes law and applies to assessment rolls prepared on or after that date.

Expands tax exemption for new farm buildings to include those used for on-farm retail sales.

This bill amends the real property tax law to expand the tax exemption for new farm buildings to include those used for on-farm retail sales. The exemption applies to buildings used directly and exclusively in the raising and production for sale of agricultural and horticultural commodities, but not for processing or retail merchandising. The change takes effect one year after the bill becomes law and applies to assessment rolls prepared on or after that date.