S.2857

New Jersey S2857 offers corporation business tax credits for developing native pollinator habitat on undeveloped property.

New Jersey S2857 provides corporation business tax credits to taxpayers who develop qualified native pollinator habitat on undeveloped property. To qualify, taxpayers must own or lease at least 25 contiguous acres of undeveloped land and meet the requirements set by the Department of Agriculture. The tax credit is equal to 50 percent of the reasonable cost of developing the habitat, up to $25,000. The bill defines qualified native pollinator habitat as land developed to benefit native pollinators like bees, using plants native to New Jersey.