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History
- Referred to real property taxation
- Delivered to assembly
- Passed senateVote 57–2
- Advanced to third reading
- 2nd report cal.
- 1st report cal.1070
- Reported and committed to finance
- Referred to local government
- Returned to senate
- Died in assembly
- Referred to real property taxation
- Delivered to assembly
Show 5 earlier actions
- Passed senateVote 55–4
- Ordered to third reading cal.1341
- Committee discharged and committed to rules
- Reported and committed to finance
- Referred to local government
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Exemption from taxation of structures and buildings essential to the operation of agricultural and horticultural lands
In Assembly Committee · Real Property Taxation · Sponsor William Magee
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S4261
Title of bill
An act to amend the real property tax law, in relation to exemption from taxation of structures and buildings essential to the operation of agricultural and horticultural lands
Purpose or general idea of bill
This bill recognizes the contributions of commercial equine operations to agriculture in New York State by providing these operations with eligibility for the current ten-year real property tax exemption for indoor riding arenas, as part of structures and buildings essential to the operation of agricultural and horticultural lands.
Summary of specific provisions
Amends Subdivision 2 of section 483 of the Real Property Tax Law to expand the definition of "structures and buildings" to include commercial equine operations, as defined in section 301 of the Agriculture and Markets Law.
Amends Subdivision 8 of section 483 of the Real Property Tax Law to expand the term "agricultural and horticultural" to include commercial equine operations, as defined in section 301 of the Agricultural and Markets Law.
Justification
Commercial equine operations already have access to agricultural district protections and agricultural assessment tax relief if they consist of at least seven acres, stable ten horses regardless of ownership and gross $10,000. This legislation would further extend benefits, already enjoyed by all other types of farms, to these operations.
According to the National Agricultural Statistical Service's (NASS) Equine Survey from 2005 (the latest survey available), there are approximately 200,000 horses in New York, with a value of $1.83 billion, Overall, total equine-related assets, held by owners, are valued at approximately $10 billion.
Total annual revenue to the New York economy from equine businesses is approximately $450 million annually. A large portion of this total comes from revenues generated by providing equine services, such as boarding, trail riding, riding lessons, training and therapeutic riding.
Prior legislative history
New bill.
Fiscal implications
Minimal.
Effective date
This act will take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.