NY S05504 | 2025-2026 | General Assembly
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 24 2025 - 25% progression
Action: 2025-02-24 - REFERRED TO AGRICULTURE
Pending: Senate Agriculture Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 24 2025 - 25% progression
Action: 2025-02-24 - REFERRED TO AGRICULTURE
Pending: Senate Agriculture Committee
Text: Latest bill text (Introduced) [HTML]
Summary
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
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.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2025-02-24 | Senate | REFERRED TO AGRICULTURE |
