NY S07653

Reduces minimum acreage requirement for agricultural assessment eligibility from seven acres to five acres across all agricultural production categories.

Lowers minimum annual gross sales value threshold from ten thousand dollars to five thousand dollars for standard agricultural operations, crop production, livestock operations, and horse boarding operations.

Applies the reduced acreage and sales thresholds to specialized agricultural operations including orchards, vineyards, Christmas tree farms, apiary operations, equine operations, and hops production.

Maintains the fifty thousand dollar sales alternative for operations using less than five acres, and preserves existing exemptions for horse racing operations and processing/retail activities.

Takes effect immediately, with exception that amendments to disaster relief provisions in section 305 expire when that section's paragraph f is repealed.