A 154: Provides a real property tax exemption to agricultural lands that are used for certain purposes.

  
  STATE OF NEW YORK ________________________________________________________________________ 154 2025-2026 Regular Sessions  IN ASSEMBLY (Prefiled) January 8, 2025 ___________ Introduced by M. of A. ANGELINO, BENDETT, BRABENEC, DeSTEFANO, DURSO, LEMONDES, MANKTELOW, McDONOUGH, MILLER, MORINELLO, TAGUE -- read once and referred to the Committee on Real Property Taxation 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 expira- tion thereof The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. The real property tax law is amended by adding a new 2 section 481-a to read as follows: 3 § 481-a. Tax exemption for certain agricultural lands. 1. Real proper- 4 ty that is subject to assessment under section three hundred four-a of 5 the agriculture and markets law shall be exempt from taxation to the 6 extent of one hundred percent of the assessed value of such property for 7 village, town, part town, special district, city, or county purposes or 8 school districts, exclusive of special assessments, if such property is 9 used in the production of bio-energy crops that are intended for use as 10 alternative fuel. 11 2. Such exemption shall not be granted to a property owner unless such 12 owner provides the taxing authority with proof, satisfactory to the 13 office of real property services, that such lands are used for the 14 purposes described in subdivision one of this section. 15 3. Application for such exemption shall be filed with the assessor or 16 other agency, department or office designated by the municipality offer- 17 ing such exemption on or before the taxable status date on a form as 18 prescribed by the state board. 19 4. For purposes of this section, "bio-energy crops" shall mean crops 20 grown specifically for cellulosic ethanol processing. 21 § 2. This act shall take effect immediately and shall expire and be 22 deemed repealed five years after such effective date. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD01142-01-5