Increases amounts of certain payments in lieu of taxes paid for lands owned by State or nonprofit organization for recreation and conservation purposes.

This bill increases annual payments to New Jersey municipalities for lands owned by the state or qualifying nonprofits that are preserved for recreation and conservation (like parks and wildlife areas). It raises per-acre payment rates based on the percentage of such land within each municipality: from $2 to $3 per acre for areas with under 20% conservation land, $5 to $7.50 for 20-40%, $10 to $15 for 40-60%, and $20 to $40 for 60% or more. These payments, made from the state's General Fund, compensate municipalities for lost property tax revenue when land becomes tax-exempt. The changes apply to both lands acquired using dedicated funds (Section 29) and those acquired with other funding (Section 30).