New York S 5504: Relates to agricultural assessments on property which is converted for purposes of oil or gas exploration or solar development

Bill Text

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S05504 Summary:

BILL NOS05504 

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SAME ASNo Same As

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SPONSORPARKER

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COSPNSR

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MLTSPNSR

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Amd §§301, 305 & 306, Ag & Mkts L

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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.

Go to top S05504 Actions:

BILL NOS05504 

&nbsp

02/24/2025REFERRED TO AGRICULTURE

01/07/2026REFERRED TO AGRICULTURE

Go to topS05504 Committee&nbspVotes:

Go to topS05504 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS05504 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 5504

 2025-2026 Regular Sessions

 IN SENATE

 February 24, 2025
 ___________

 Introduced by Sen. PARKER -- read twice and ordered printed, and when
 printed to be committed to the Committee on Agriculture

 AN ACT to amend the agriculture and markets law, in relation to payments
 associated with the conversion of land subject to an agricultural
 assessment by virtue of oil or gas exploration or extraction activity
 or solar development

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Subdivision 5 of section 301 of the agriculture and markets
 2 law, as amended by chapter 565 of the laws of 2003, is amended to read
 3 as follows:
 4 5. "[Oil, gas] Solar or wind [exploration,] development [or
 5 extraction] activities" means the installation and use of fixtures and
 6 equipment which are necessary for the [exploration,] development [or
 7 extraction] of [oil, natural gas] solar or wind energy, including but
 8 not limited to, access roads, [drilling apparatus, pumping facilities,
 9 pipelines,] solar panels and wind turbines.
 10 § 2. Subparagraph (iv) of paragraph d of subdivision 1 of section 305
 11 of the agriculture and markets law, as amended by chapter 565 of the
 12 laws of 2003, is amended to read as follows:
 13 (iv) If such land or any portion thereof is converted to a use other
 14 than for agricultural production by virtue of [oil, gas] solar or wind
 15 [exploration,] development, [or extraction activity] or by virtue of a
 16 taking by eminent domain or other involuntary proceeding other than a
 17 tax sale, the land or portion so converted shall not be subject to
 18 payments. If the land so converted constitutes only a portion of a
 19 parcel described on the assessment roll, the assessor shall apportion
 20 the assessment, and adjust the agricultural assessment attributable to
 21 the portion of the parcel not subject to such conversion by subtracting
 22 the proportionate part of the agricultural assessment attributable to
 23 the portion so converted. Provided further that land within an agricul-

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD06132-01-5

 S. 5504 2

 1 tural district and eligible for an agricultural assessment shall not be
 2 considered to have been converted to a use other than for agricultural
 3 production solely due to the conveyance of [oil, gas] solar or wind
 4 rights associated with that land.
 5 § 3. Paragraph c of subdivision 2 of section 306 of the agriculture
 6 and markets law, as amended by chapter 565 of the laws of 2003, is
 7 amended to read as follows:
 8 c. If such land or any portion thereof is converted by virtue of [oil,
 9 gas] solar or wind [exploration,] development, [or extraction activity]
 10 or by virtue of a taking by eminent domain or other involuntary proceed-
 11 ing other than a tax sale, the land or portion so converted shall not be
 12 subject to payments. If land so converted constitutes only a portion of
 13 a parcel described on the assessment roll, the assessor shall apportion
 14 the assessment, and adjust the agricultural assessment attributable to
 15 the portion of the parcel not subject to such conversion by subtracting
 16 the proportionate part of the agricultural assessment attributable to
 17 the portion so converted. Provided further that land outside an agricul-
 18 tural district and eli