NY S00456

Amends the definition of "land used in agricultural production" to include land used for processing or retail merchandising of crops, livestock, or livestock products.

Modifies real property tax law to include structures and buildings used for processing agricultural and horticultural commodities or retail merchandising of such commodities within tax-exempt agricultural structures.

Applies to assessment rolls prepared on or after the effective date of the act, which takes effect immediately upon passage.