NY S00972

Exempts from real property taxation that portion of farm land in the process of being certified as organic by a USDA-accredited certification authority for up to three years

Limits the exemption to no more than 50 percent of the total assessed value of the farm operation's agricultural land in an agricultural district or eligible for agricultural assessment

Requires land receiving the exemption to be maintained as agricultural production land each year the exemption is granted and to be certified organic at the end of the three-year period

Allows the 50 percent acreage restriction to be exceeded in years when the farm is located in a gubernatorially-declared disaster emergency, but only up to the acreage damaged or destroyed

Directs the commissioner to issue annual reports detailing the amount of land being converted to organic production and the assessed value of such land