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NJ S4566
Bill
Status
12/19/2025
Primary Sponsor
Nilsa Cruz-Perez
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AI Summary
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Appropriates $500,000 from constitutionally dedicated corporation business tax (CBT) revenues to the State Agriculture Development Committee for municipal planning incentive grants for farmland preservation
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Oldmans Township in Salem County designated as the sole recipient of the $500,000 base grant
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Oldmans Township also eligible to compete for up to $1,000,000 in additional competitive grant funding from previously appropriated funds under P.L.2019, c.450 and P.L.2020, c.139
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Maximum total funding available to the municipality is $1.5 million when combining the base grant and competitive grants
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Enacted as P.L. 2025, Chapter 168, approved December 19, 2025, with funds deposited into the "Preserve New Jersey Farmland Preservation Fund"
Legislative Description
Appropriates $500,000 from constitutionally dedicated CBT revenues to State Agriculture Development Committee for municipal planning incentive grants for farmland preservation purposes.
Bills and Joint Resolutions Signed by the Governor
Last Action
Approved P.L.2025, c.168.
12/19/2025