Provides a real property tax exemption to agricultural lands that are used for certain purposes

Bill A-154 provides a 100% real property tax exemption for agricultural lands used to grow bio-energy crops (specifically crops for cellulosic ethanol processing) for alternative fuel. It directly affects farmers who produce these designated crops, exempting their land from local taxes (village, town, city, county, or school district) based on assessed value. To qualify, landowners must submit proof to the taxing authority showing compliance, and applications must be filed by the taxable status date. The exemption expires five years after the law takes effect.