States / New York / S 5504

S 5504 In Committee

Relates to agricultural assessments on property which is converted for purposes of oil or gas exploration or solar development

Introduced
In Committee
Floor
Crossed Over
Passed
Enacted

Provides that property receiving an agricultural assessment which is converted for purposes of oil or gas exploration shall be subject to payments equaling five times the taxes saved in the last year in which the land benefited from an agricultural assessment; exempts property converted for solar development from such payments.

Chamber
Senate
Introduced
Feb 24, 2025
Last action
Jan 7, 2026 — REFERRED TO AGRICULTURE
Session
2025-2026
Momentum
27 · Low