Bill > A04620

This bill amends the Real Property Tax Law to expand the tax exemption for farm buildings by allowing structures used for on-farm retail sales to be included in the definition of tax-exempt "structures and buildings." Currently, farm buildings are exempt from property taxes if they are used directly and exclusively for raising, producing, storing, or processing agricultural commodities, but not for retail sales. The bill would remove the prohibition on retail sales spaces, effectively allowing farmers to have on-farm retail sales spaces that qualify for the same property tax exemption as other farm-related structures. The change means that buildings where farmers sell their own agricultural and horticultural products directly on their farm will now be considered tax-exempt, potentially providing financial relief to farmers who want to diversify their income by selling products directly to consumers. The bill will take effect one year after becoming law and will apply to assessment rolls prepared on or after that date, giving local tax authorities time to adjust their assessment procedures.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A4620