NY S01878

Expands the definition of "land used in agricultural production" to include land used for processing or retail merchandising of crops, livestock, or livestock products, which was previously excluded

Extends real property tax exemptions for farm structures and buildings to include those used for processing agricultural and horticultural commodities

Extends real property tax exemptions to structures used for retail merchandising of agricultural and horticultural commodities

Applies to assessment rolls prepared on or after the bill's effective date

Amends both the Agriculture and Markets Law (Section 301) and the Real Property Tax Law (Section 483)