NY S02075

Land used solely for replanting or crop expansion of woody biomass (including willow) for ethanol or biodiesel production receives a three-year real property tax exemption starting on the first eligible taxable status date following the replanting or expansion.

Exemption eligibility requires the land to be part of agricultural production within an agricultural district or eligible for agricultural assessment under existing law, with the owner having filed an annual agricultural assessment application.

The exempted acreage cannot exceed twenty percent of the total acreage used for woody biomass agricultural production in any given year.

The twenty percent acreage cap may be exceeded in years when the land is located in a governor-declared disaster emergency area, provided the exempted acreage does not exceed the total acreage that remains damaged or destroyed.

The land must be maintained for agricultural production of woody biomass for each year the exemption is granted, with acreage verification conducted by the agricultural commissioner or designee.