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Bill > S4113
NJ S4113
NJ S4113Establishes pilot program in Division of Taxation to provide income tax credits for the opening of certain homesteads to hunting activities in areas with high number of wildlife incidents.
summary
Introduced
11/30/2023
11/30/2023
In Committee
11/30/2023
11/30/2023
Crossed Over
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 Regular Session
Bill Summary
Establishes pilot program in Division of Taxation to provide income tax credits for the opening of certain homesteads to hunting activities in areas with high number of wildlife incidents.
AI Summary
This bill establishes a five-year pilot program in the Division of Taxation to provide income tax credits for resident taxpayers who open their eligible homesteads (a dwelling house with at least 10 acres of huntable property that is the taxpayer's principal residence) for lawful hunting activities. The credit amount is $1,500 for the first 10 acres of huntable property opened, plus an additional $200 for each additional acre. The program aims to address high incidents of wildlife fatalities, property damage, and injuries in areas by incentivizing the opening of eligible homesteads for hunting. The bill outlines the application process, taxpayer eligibility, and reporting requirements, as well as directs the Division of Taxation to promulgate rules and regulations to implement the program.
Committee Categories
Agriculture and Natural Resources
Sponsors (2)
Last Action
Introduced in the Senate, Referred to Senate Environment and Energy Committee (on 11/30/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2022/S4113 |
| BillText | https://pub.njleg.gov/Bills/2022/S4500/4113_I1.HTM |
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