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Bill > S00581


NY S00581

NY S00581
Increases from 50 to 100 acres, the acreage of farm woodland that qualifies as land used in agricultural production for agricultural assessment purposes.


summary

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

Introduced Session

2025-2026 General Assembly

Bill Summary

AN ACT to amend the agriculture and markets law, in relation to increasing the acreage of farm woodland which qualifies as land used in agricultural production for agricultural assessment purposes

AI Summary

This bill amends the New York State Agriculture and Markets Law to increase the maximum acreage of farm woodland that can qualify for agricultural assessment from 50 acres to 100 acres per separately described and assessed parcel. Agricultural assessment is a tax benefit that allows farmland to be valued based on its agricultural use rather than its potential development value, which typically results in lower property taxes. By doubling the allowable farm woodland acreage, the bill provides farmers with more flexibility in managing woodlands as part of their agricultural operations, potentially supporting larger farming enterprises or those with more extensive forested areas. The change aims to support agricultural landowners by expanding the tax assessment provisions that recognize woodland as a valuable component of agricultural land use. The amendment takes effect immediately upon passage.

Committee Categories

Agriculture and Natural Resources

Sponsors (1)

Last Action

REFERRED TO AGRICULTURE (on 01/08/2025)

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