NY S08468

Expands the real property tax exemption for agricultural structures and buildings to include those used for on-farm processing of agricultural and horticultural commodities.

Adds coverage for on-farm retail merchandising of agricultural and horticultural commodities to the tax exemption for farm buildings.

Removes the previous restriction that excluded structures and buildings used for the sale of maple syrup, honey, and beeswax from the tax exemption.

Takes effect one year after becoming law and applies to assessment rolls prepared based on taxable status dates occurring on or after the effective date.