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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.
Americas+1 212 318 2000
EMEA+44 20 7330 7500
Asia Pacific+65 6212 1000
By Danielle Muoio Dunn
Gov. Kathy Hochul signed a bill meant to provide the same property tax benefits to farmers who grow cannabis as are available for other crops.
The legislation, S1752/A1234, expands the definition of crops, livestock, and livestock products to include cannabis, preventing unforeseen property tax increases and possible penalties to farmers who choose to grow marijuana on all or some of their land.
New York farmers are currently eligible to receive what’s known as an agricultural assessment on land used to grow crops and livestock products, resulting in lower property tax bills for land used to produce …
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