Appropriates $10,000,000 from constitutionally dedicated CBT revenues to State Agriculture Development Committee for municipal planning incentive grants for farmland preservation purposes.
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Progress
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- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill directs the state to use $10 million in revenue specifically set aside for farmland preservation to support municipal planning grants. These grants will be provided to local governments to encourage the preservation of farmland within their communities. The funding comes from the corporation business tax (CBT), a revenue source constitutionally dedicated to open space, farmland, and historic preservation. The State Agriculture Development Committee will administer the grants to eligible municipalities.
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