NY S04799

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 the real property tax exemption for agricultural structures to include buildings or portions thereof used for processing agricultural and horticultural commodities or retail merchandising of such commodities.

Applies to assessment rolls prepared on the basis of taxable status dates occurring on or after the bill's effective date.