NY S00918

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

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 agricultural structures.

Maintains existing exemptions for employee housing, indoor exercise arenas for horses, maple syrup production facilities, and honey and beeswax production structures.

Excludes silos, bulk milk tanks, coolers, and manure storage facilities from the tax exemption definition.

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