Appropriates $34 million from constitutionally dedicated CBT revenues to State Agriculture Development Committee for county planning incentive grants for farmland preservation purposes.

This bill appropriates $34 million from constitutionally dedicated corporation business tax (CBT) revenues to fund farmland preservation. It provides counties with base grants ($500,000-$1 million) and eligibility for competitive grants (up to $7.5 million per county) to cover up to 80% of costs for acquiring development easements - conservation agreements that permanently protect farmland from development. The funds target specific counties and municipalities approved for farmland preservation projects under existing state law. The bill redirects existing constitutionally dedicated CBT revenues (approved by voters in 2014) to the Preserve New Jersey Farmland Preservation Fund, with no new tax revenue required.