NY S06018

Exempts from real property taxation the portion of farmland in the process of being certified as organic by a USDA-accredited certification authority for a period not to exceed three years

Limits the exemption to no more than 50 percent of the total assessed value of the farm operation's agricultural land in any one year, unless the land is in a governor-declared disaster emergency area

Requires that exempted land be certified organic at the end of the three-year exemption period and meet USDA national organic program standards

Mandates that exempted land continue to be used in agricultural production for each year the exemption is granted

Directs the commissioner to issue annual reports detailing the amount of land converted to organic production under the exemption and its assessed value