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NY S04853
Bill
Status
2/15/2023
Primary Sponsor
Kevin Parker
Click for details
AI Summary
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Amends the definition of "oil, gas exploration, or extraction activities" to include solar or wind development activities subject to agricultural assessment protections.
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Eliminates payments owed upon conversion of land from agricultural assessment when conversion occurs due to solar or wind development (previously required payments equal to five times taxes saved).
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Specifies that merely conveying solar or wind rights associated with agricultural land does not constitute conversion to a non-agricultural use, allowing land to retain agricultural assessment eligibility.
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Requires the Commissioner of Agriculture and Markets, in consultation with environmental conservation and energy authorities, to establish regulations within 180 days to protect prime and unique farmland during solar development while encouraging solar projects on marginal soils and minimizing forest loss.
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Effective 60 days after enactment, with authority to implement necessary regulatory changes immediately upon passage.
Legislative Description
Provides that property receiving an agricultural assessment which is converted for purposes of oil or gas exploration shall be subject to payments equaling five times the taxes saved in the last year in which the land benefited from an agricultural assessment; exempts property converted for solar development from such payments.
Last Action
REFERRED TO AGRICULTURE
1/3/2024