Excludes farmland from definitions of "redevelopment area" and "rehabilitation area" in "Local Redevelopment and Housing Law."

This bill amends New Jersey's Local Redevelopment and Housing Law to explicitly exclude farmland from the definitions of "redevelopment area" and "rehabilitation area." Specifically, it removes land actively used for agriculture or horticulture (and taxed under the Farmland Assessment Act of 1964) from these categories. The change prevents farmland from being classified as an area needing redevelopment or rehabilitation under the law. This directly affects agricultural landowners who qualify under the Farmland Assessment Act, ensuring their land cannot be designated for redevelopment projects under this statute. The amendment applies to redevelopment plans adopted after the bill's effective date.