Creates a real property tax exemption for land of a farm operation which is in the process of being certified for the production of organic crops.
Summary
Bill S01306 proposes to amend the agriculture and markets law in New York to establish a real property tax exemption for land used by farm operations that are in the process of being certified as organic. The exemption would apply for a period not exceeding three years, during which the land must be certified organic and used for the production of organic crops, livestock, and livestock products according to USDA standards. The bill outlines specific criteria for eligibility, including a limit on the exemption to 50% of the total assessed value of the farm operation's land used in agricultural production.
Impact
If enacted, this bill would provide significant financial relief to farmers transitioning to organic farming by reducing their property tax burden during the certification process. It aims to encourage more agricultural operations to adopt organic practices, potentially increasing the availability of organic products in the state. The bill may also lead to changes in local tax revenues, as the exemptions could reduce the taxable property values for certain farm operations.
Sentiment
The sentiment surrounding Bill S01306 appears to be generally positive among agricultural stakeholders, as it supports the growth of organic farming in New York. However, there may be concerns from local governments regarding the potential loss of tax revenue and how it might affect funding for public services.
Contention
Notable points of contention may arise from local government officials who are concerned about the financial implications of the tax exemptions on municipal budgets. Additionally, there may be discussions about the criteria for determining eligibility and the potential for abuse of the exemption by farms that do not genuinely pursue organic certification.
Amends the definition of farm and agricultural land to include land on which agricultural operations are being conducted or is suitable for agriculture operations, and further expand the definition of a farmer.
Amends the definition of farm and agricultural land to include land on which agricultural operations are being conducted or is suitable for agriculture operations, and further expand the definition of a farmer.
Includes certain land that is owned or rented as a farm operation for the production for sale of crops, livestock or livestock products as land used in agricultural production.
Includes certain land that is owned or rented as a farm operation for the production for sale of crops, livestock or livestock products as land used in agricultural production.
Property tax: exemptions; personal property used in agriculture operations; exclude property used to cultivate marihuana. Amends sec. 9 of 1893 PA 206 (MCL 211.9).
Exempts certain urban and small farmers from sales taxes, real, tangible and personal property taxes and income taxes. This act would also define urban and small farmers and urban farmland.
Exempts certain urban and small farmers from sales taxes, real, tangible and personal property taxes and income taxes. This act would also define urban and small farmers and urban farmland.
Exempts certain urban and small farmers from sales taxes, real, tangible and personal property taxes and income taxes. This act would also define urban and small farmers and urban farmland.
Exempts certain urban and small farmers from sales taxes, real, tangible and personal property taxes and income taxes. Also defines urban and small farmers and urban farmland.