Concerns assessment of farmland for property tax purposes.

This bill clarifies that New Jersey farmland taxed under the 1964 Farmland Assessment Act will not trigger "roll-back taxes" if a farmer stops active agricultural use solely due to retirement, disability, or other non-conversion reasons. Roll-back taxes - additional taxes calculated as the difference between farmland tax rates and standard property tax rates for the current year and the previous two years - only apply when land is actively converted to non-farm use. The change aligns the law with a 1981 court ruling that found it unreasonable to tax farmers who cease farming without changing land use. It directly affects New Jersey farmers who maintain land as farmland but temporarily halt agricultural activity.