NY A04620

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

Removes the previous exclusion that denied tax exemptions for buildings used for processing agricultural and horticultural commodities

Eliminates the restriction that excluded structures used for the sale of maple syrup, honey, and beeswax from the exemption

Updates gendered language in the statute from "his" to "their" when referring to applicants and their immediate families

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