NY A05306

Creates a 100 percent real property tax exemption for lands assessed under Agriculture and Markets Law section 304-a that are used to produce bio-energy crops intended for use as alternative fuel

Exemption applies to village, town, special district, city, county, and school district property taxes, excluding special assessments

Requires property owners to provide proof satisfactory to the office of real property services that lands are used for bio-energy crop production to qualify for the exemption

Defines "bio-energy crops" as crops grown specifically for cellulosic ethanol processing

Exemption takes effect immediately and expires five years after the effective date