Bill > S03665

This bill amends the New York real property tax law to expand the tax exemption for farm buildings to include structures used for on-farm retail sales. Currently, the law provides tax exemptions for farm buildings used in raising, producing, and storing agricultural and horticultural commodities, as well as for on-farm processing. The proposed change would modify the existing language to explicitly allow tax exemptions for buildings used in selling agricultural products directly on the farm. Specifically, the bill removes the previous restriction that excluded buildings used for "retail merchandising" from the tax exemption. This means farmers will now be able to receive a property tax exemption for buildings used to sell their products on-site, such as farm stands or small retail spaces. The amendment aims to provide additional financial support to farmers by reducing their property tax burden when they sell their agricultural products directly to consumers. The bill will take effect one year after becoming law and will apply to assessment rolls prepared based on taxable status dates occurring on or after that date.

Budget and Finance, Government Affairs

https://www.nysenate.gov/legislation/bills/2025/S3665