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Bill > A00154


NY A00154

NY A00154
Provides a real property tax exemption to agricultural lands that are used for certain purposes.


summary

Introduced
01/08/2025
In Committee
01/07/2026
Crossed Over
Passed
Dead

Introduced Session

2025-2026 General Assembly

Bill Summary

AN ACT to amend the real property tax law, in relation to providing a real property tax exemption on lands used for certain agricultural purposes; and providing for the repeal of such provisions upon expiration thereof

AI Summary

This bill provides a full property tax exemption for agricultural lands used specifically for producing bio-energy crops intended for alternative fuel production. Under the proposed legislation, landowners can receive a 100% tax exemption for their property when used to grow crops for cellulosic ethanol processing, which involves converting plant materials into ethanol fuel. To qualify for the exemption, property owners must submit proof to the local real property services office demonstrating that their lands are being used for bio-energy crop production. The exemption will apply to various local tax jurisdictions including villages, towns, special districts, cities, counties, and school districts, but excludes special assessments. Property owners must file an application with the local assessor using a state-prescribed form by the taxable status date. Importantly, this tax exemption is temporary and will automatically expire and be repealed five years after its effective date, likely intended to encourage and support emerging agricultural alternative fuel initiatives during that period.

Committee Categories

Budget and Finance

Sponsors (11)

Last Action

referred to real property taxation (on 01/07/2026)

bill text


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