S5504 (2025-26 session)
NY State bill
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.
- Title
- Relates to agricultural assessments on property which is converted for purposes of oil or gas exploration or solar development
- Type
- New York State Senate bill
- Session
- 2025-26 session
- Status
- In Senate Committee
- Latest action date
- 2026-01-07
- In committee
- Agriculture
- Introduced
- 2025-02-24
- Law section
- Agriculture and Markets Law
Sponsors
- Kevin S. Parker State Senator, District 21
Heard in committee
- Agriculture NY State Senate committee