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S 8862 New York Senate · 2025 Regular Session

Provides a tax credit for sales or rentals of agricultural assets to emerging farmers; and establishes the duties of the commissioner of agriculture and markets with respect thereto

Summary
Provides a tax credit for sales or rentals of agricultural assets to emerging farmers; requires the commissioner of agriculture and markets to implement a plan for certification of eligible taxpayers with respect thereto.
Issues: ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit for emerging farmers, reducing tax burden on eligible agricultural businesses, aligning with tax relief support indicators.95% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2026
Committee Review
Floor Vote
Governor
Introduced Jan 12, 2026 Last action Jan 30, 2026
Maddy AI version diff · 1 comparison

What changed between versions

S8862 → S8862A · 4 edits
MODERATE
This bill was amended to rename the program from 'beginning farmer' to 'emerging farmer' and added a new requirement that the farmer must provide the majority of day-to-day physical labor or management of the farm. The change broadens the definition to include farmers who may not be completely new to agriculture but are still developing their farming operations.
Scope change
The bill's scope expanded to include 'emerging farmers' rather than just 'beginning farmers', potentially allowing more experienced farmers who are still developing their operations to qualify for the tax credit.
DEFINITION

Changed the term 'beginning farmer' to 'emerging farmer' throughout the bill to reflect a broader definition of new agricultural entrants.

ELIGIBILITY

Added a new requirement that the emerging farmer must intend to provide the majority of day-to-day physical labor or management of the farm.

Removed the previous requirement that the farmer must meet certification eligibility requirements for a 'beginning farmer' as determined by the commissioner.

TECHNICAL

Updated bill title from 'New York farmland preservation act' to 'New York emerging farmer tax credit act' to reflect the terminology change.

Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
3
Key actions
2
Committee
1
Amendments
2
Jan 30, 2026
Upper · Passed
PRINT NUMBER 8862A
upper
Jan 30, 2026
Upper · Passed
AMEND (T) AND RECOMMIT TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
upper
Jan 12, 2026
Committee
REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
upper
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Michelle Hinchey
Michelle Hinchey
DDemocratic/Working Families
NY
41