NY S02283

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 as eligible for tax exemption.

Maintains the seven-acre minimum threshold and ten thousand dollar average gross sales value requirement for agricultural production operations.

Takes effect immediately and applies to assessment rolls prepared on or after the taxable status dates occurring on or after enactment.