Bill
Bill > A4368
NJ A4368
NJ A4368Authorizes County Agriculture Development Boards to establish program to receive and lease donated farmland to new farms, establishes gross income tax credit for farmers who donate land.
summary
Introduced
02/19/2026
02/19/2026
In Committee
02/19/2026
02/19/2026
Crossed Over
Passed
Dead
Introduced Session
2026-2027 Regular Session
Bill Summary
This bill would authorize each County Agriculture Development Board (CADB) to establish a program to receive farmland donated by farmers and to grant or lease the farmland to new farmers. The bill would direct CADBs who choose to establish a farmland donation program to develop certain minimum features of the program, including: guidelines and procedures for the submission of applications and criteria for the evaluation of the applications; terms and conditions for the granting or leasing of the donated lands; and authorized uses of the donated lands. The bill would also create a tax credit under the "New Jersey Gross Income Tax Act," N.J.S.54A:1-1 et seq. for the assessed value of land donated to a CADB by a farmer under the program. The maximum value for each tax credit would be $100,000 and the total value of all tax credits would be capped at $100 million. The bill is intended to respond to one of the recommendations in "The Next Generation of Farming in New Jersey: Report on Cultivating the Future of Farming in the Garden State," a report published by the State Agriculture Development Committee in March 2025.
AI Summary
This bill authorizes County Agriculture Development Boards (CADBs) to create programs where farmers can donate farmland, which the CADBs can then grant or lease to new farmers, with specific requirements for these programs including application processes, lease terms, and authorized uses of the land. Additionally, it establishes a gross income tax credit for farmers who donate land under these programs, with the credit amount capped at the assessed value of the donated land or $100,000 per farmer, and a total statewide cap of $100 million for all such tax credits, aiming to support new farmers and agricultural succession as recommended by a state report.
Committee Categories
Agriculture and Natural Resources
Sponsors (1)
Last Action
Introduced, Referred to Assembly Agriculture and Natural Resources Committee (on 02/19/2026)
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/2026/A4368 |
| BillText | https://pub.njleg.gov/Bills/2026/A4500/4368_I1.HTM |
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