Appropriates $3,479,032 from constitutionally dedicated CBT revenues to State Agriculture Development Committee for grants to certain nonprofit organizations 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 money from a dedicated tax revenue source – the corporation business tax – to support farmland preservation efforts. Specifically, it will provide $3,479,032 to the State Agriculture Development Committee to give grants to the Land Conservancy of New Jersey for projects at four farms. The grants can cover up to 80% of the cost of acquiring farmland easements or fee simple titles, helping to protect valuable agricultural land in New Jersey. This initiative is part of a broader effort to preserve open space and farmland, as outlined in the ‘Preserve New Jersey Act.’
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Sponsors
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4 on record
Primary sponsors
Douglas Steinhardt
Cosponsors
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