Bill
Bill > S4177
NJ S4177
NJ S4177Appropriates $128.241 million from constitutionally dedicated CBT revenues to State Agriculture Development Committee for farmland preservation purposes.
summary
Introduced
12/04/2023
12/04/2023
In Committee
12/18/2023
12/18/2023
Crossed Over
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 Regular Session
Bill Summary
Appropriates $128.241 million from constitutionally dedicated CBT revenues to State Agriculture Development Committee for farmland preservation purposes.
AI Summary
This bill appropriates $128.241 million from constitutionally dedicated Corporation Business Tax (CBT) revenues to the State Agriculture Development Committee for farmland preservation purposes. The funds will be used to acquire development easements or fee simple titles to farmland, provide grants to counties and municipalities, and fund administrative and legal costs related to the Preserve New Jersey Farmland Preservation program. The bill also requires that any farmland acquired in fee simple be offered for resale or lease with agricultural deed restrictions.
Committee Categories
Government Affairs
Sponsors (2)
Last Action
Reported from Senate Committee, 2nd Reading (on 12/18/2023)
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/S4177 |
| Analysis - Statement SSG 12/18/23 | https://pub.njleg.gov/Bills/2022/S4500/4177_S1.PDF |
| BillText | https://pub.njleg.gov/Bills/2022/S4500/4177_I1.HTM |
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