NY S02282

Exempts from real property taxation land of farm operations in the process of obtaining organic certification from a USDA-accredited authority for up to three years.

Limits exemption to no more than 50 percent of the total assessed value of agricultural land within an agricultural district or eligible for agricultural assessment in any single year.

Requires land to remain in agricultural production and be certified organic by the end of the three-year exemption period, in compliance with USDA national organic program standards.

Allows the 50 percent acreage cap to be exceeded in disaster emergency areas declared by the governor, up to the total acreage damaged or destroyed.

Directs the commissioner to issue annual reports on land converted to organic production and its assessed value, effective immediately for assessment rolls prepared on or after January 1 following enactment.