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S4426 • 2026

Appropriates $10,000,000 from constitutionally dedicated CBT revenues to State Agriculture Development Committee for municipal planning incentive grants for farmland preservation purposes.

Appropriates $10,000,000 from constitutionally dedicated CBT revenues to State Agriculture Development Committee for municipal planning incentive grants for farmland preservation purposes.

Agriculture Budget
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Cruz-Perez, Nilsa I.
Last action
2026-06-18
Official status
Received in the Assembly, Referred to Assembly Appropriations Committee
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Appropriates $10,000,000 from constitutionally dedicated CBT revenues to State Agriculture Development Committee for municipal planning incentive grants for farmland preservation purposes.

Appropriates $10,000,000 from constitutionally dedicated CBT revenues to State Agriculture Development Committee for municipal planning incentive grants for farmland preservation purposes.

What This Bill Does

  • Appropriates $10,000,000 from constitutionally dedicated CBT revenues to State Agriculture Development Committee for municipal planning incentive grants for farmland preservation purposes.
  • Topic: Appropriations Fiscal note: This bill has not been certified by OLS for a fiscal note.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-06-18 New Jersey Legislature

    Passed by the Senate (40-0)

  2. 2026-06-18 New Jersey Legislature

    Received in the Assembly, Referred to Assembly Appropriations Committee

  3. 2026-06-08 New Jersey Legislature

    Reported from Senate Committee, 2nd Reading

  4. 2026-06-04 New Jersey Legislature

    Introduced in the Senate, Referred to Senate Environment and Energy Committee

Official Summary Text

Appropriates $10,000,000 from constitutionally dedicated CBT revenues to State Agriculture Development Committee for municipal planning incentive grants for farmland preservation purposes.
Topic:
Appropriations
Fiscal note:
This bill has not been certified by OLS for a fiscal note.

Current Bill Text

Read the full stored bill text 
S4426

SENATE, No. 4426

STATE OF NEW JERSEY

222nd LEGISLATURE

�

INTRODUCED JUNE 4, 2026

Sponsored by:

Senator� NILSA I. CRUZ-PEREZ

District 5 (Camden and Gloucester)

Senator� OWEN HENRY

District 12 (Burlington, Middlesex, Monmouth and Ocean)

SYNOPSIS

���� Appropriates $10,000,000 from constitutionally
dedicated CBT revenues to State Agriculture Development Committee for municipal
planning incentive grants for farmland preservation purposes.

CURRENT VERSION OF TEXT

���� As introduced.

��

�������������������������������������������������������������������������������������������������������

�����������������������������������������������������������������������������������������������������������

An Act
appropriating $10,000,000 from constitutionally
dedicated corporation business tax revenues to the State Agriculture
Development Committee for municipal planning incentive grants for farmland
preservation purposes.

����
Be It
Enacted
by the Senate and General Assembly of
the State of New Jersey:

���� 1.��� a. �There is
appropriated to the State Agriculture Development Committee the sum of $10,000,000
from dedicated corporation business tax revenues pursuant to Article VIII,
Section II, paragraph 6 of the State Constitution in the �Preserve New Jersey
Farmland Preservation Fund,� established pursuant to section 8 of the �Preserve
New Jersey Act,� P.L.2016, c.12 (C.13:8C-50), for the purpose of providing
municipal planning incentive grants pursuant to section 1 of P.L.1999, c.180
(C.4:1C-43.1) and approved as eligible for such funding pursuant to subsection
b. of this section.

���� b.��� The following
municipalities are eligible for funding, in accordance with the rules and
regulations of the State Agriculture Development Committee providing for a municipal
planning incentive grant program competitive grant fund, with the monies
appropriated pursuant to subsection a. of this section:

County

Municipalities

Cumberland

Hopewell Twp

Gloucester

Franklin Twp

Woolwich Twp

Hunterdon

Alexandria Twp

Delaware Twp

East Amwell Twp

Holland Twp

Kingwood Twp

Raritan Twp

Readington Twp

Tewksbury Twp

Union Twp

West Amwell Twp

Mercer

Hopewell Twp

Monmouth

Colts Neck Twp

Holmdel Twp

Howell Twp

Manalapan Twp

Marlboro Twp

Millstone Twp

Upper Freehold Twp

Salem

Alloway Twp

Mannington Twp

Oldmans Twp

Pilesgrove Twp

Pittsgrove Twp

Upper Pittsgrove Twp

Somerset

Bedminster Twp

Franklin Twp

Hillsborough Twp

Montgomery Twp

Peapack - Gladstone Boro

Sussex

Frankford Twp

Green Twp

Warren

Blairstown Twp

Franklin Twp

Frelinghuysen Twp

Greenwich Twp

Harmony Twp

Hope Twp

Knowlton Twp

Washington Twp

White Twp

���� c.� The maximum grant award a
municipality identified in subsection b. of this section may receive pursuant
to this section shall be $2,000,000.

���� 2.��� There is appropriated
from the General Fund to the �Preserve New Jersey Farmland Preservation Fund,�
established pursuant to section 8 of the �Preserve New Jersey Act,� P.L.2016,
c.12 (C.13:8C-50), the sum of $10,000,000 to implement the provisions of this
act.

���� 3.��� The expenditure of the
sums appropriated by this act is subject to the provisions and conditions of
P.L.2016, c.12 (C.13:8C-43 et seq.), P.L.2009, c.117, P.L.1999, c.180
(C.4:1C-43.1), P.L.1999, c.152 (C.13:8C-1 et seq.), and P.L.1983, c.32
(C.4:1C-11 et seq.), as appropriate.

���� 4.��� This act shall take
effect immediately.

STATEMENT

���� This bill would appropriate $10,000,000
to the State Agriculture Development Committee (SADC) for municipal planning
incentive grants pursuant to a program established by P.L.1999, c.180
(C.4:1C-43.1) for farmland preservation purposes.

���� The funding in this bill is
provided from constitutionally dedicated corporation business tax (CBT)
revenues pursuant to Article VIII, Section II, paragraph 6 of the State
Constitution, approved by the voters of the State in November 2014.� The
�Preserve New Jersey Act,� P.L.2016, c.12 (C.13:8C-43 et seq.), implements the
constitutional dedication of CBT revenues for open space, farmland, and
historic preservation.� The �Preserve New Jersey Farmland Preservation Fund�
was established pursuant to section 8 of the �Preserve New Jersey Act.

���� Forty-six municipalities would
be eligible for funding under this bill.� The maximum grant award a
municipality could receive under the bill is $2,000,000.� The appropriation and
eligible municipalities listed in the bill have been approved by the SADC and
the Garden State Preservation Trust.