NY S01306

Creates a real property tax exemption for farmland undergoing USDA organic certification, lasting up to three years during the certification transition period

Limits the exemption to no more than 50% of the total assessed value of the farm operation's agricultural land in any single year

Requires the land to achieve organic certification by the end of the three-year exemption period and maintain agricultural production throughout

Allows farms in governor-declared disaster emergency areas to exceed the 50% acreage cap, up to the amount of acreage damaged or destroyed by the disaster

Requires eligible land to be reported to the Commissioner of Agriculture, who may issue annual reports on land being converted to organic production and its assessed value