NY S03075

Amends the Agriculture and Markets Law definition of "land used in agricultural production" to include land or portions thereof used for processing or retail merchandising of crops, livestock, or livestock products.

Modifies the Real Property Tax Law to include structures and buildings used for processing agricultural and horticultural commodities, or retail merchandising of such commodities, within the property tax exemption for farm structures.

Maintains existing exemptions for structures used in maple syrup production, honey and beeswax production, horse training arenas, and employee housing on agricultural lands.

Excludes silos, bulk milk tanks, coolers, and manure storage facilities from the definition of tax-exempt farm structures.

Takes effect immediately and applies to assessment rolls prepared on or after the taxable status date of enactment.