A4795

Changes certain allocations and amounts of constitutionally dedicated CBT revenues for Fiscal Year 2026 and thereafter; authorizes Garden State.

The bill would establish funding allocations for the constitutional dedication of Corporation Business Tax (CBT) revenues for fiscal year 2026 and thereafter. It would authorize the Garden State Preservation Trust to develop a program to acquire land for agricultural or horticultural purposes in urban areas of the State through the purchase of fee simple titles or lesser interests in land, including, but not limited to, a development easement, a conservation restriction or easement, or any other restriction or easement permanently restricting development, by purchase or installment purchase.