New Jersey S4426 appropriates $10,000,000 from corporation business tax revenues to the State Agriculture Development Committee for farmland.
New Jersey S4426 allocates $10,000,000 from constitutionally dedicated corporation business tax revenues to the State Agriculture Development Committee. This funding is intended for municipal planning incentive grants aimed at farmland preservation. The grants, which can reach up to $2,000,000 per municipality, are part of a program established by the Preserve New Jersey Act. Forty-six municipalities are eligible for these grants, which are subject to the rules and regulations of the State Agriculture Development Committee.
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