SYRACUSE, N.Y.— Governor Paterson has signed legislation sponsored by Senator David J. Valesky (D-Oneida) that supports growth and investment in vineyards and orchards, two major agricultural crops in New York State.
The bill streamlines an existing property tax exemption for new or replanted vineyards or orchards that proved burdensome for farmers (S.5501).
“Wineries and orchards provide substantial economic impact in Central and Upstate New York,” said Senator Valesky. “This legislation is a cost saving measure for farms, and in these difficult economic times, every dollar saved helps.”