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 protected business tax revenues to fund farmland preservation grants. It provides counties with planning incentive grants covering up to 80% of the cost to acquire development easements on farmland, directly affecting eligible counties like Burlington, Gloucester, and Somerset. The funds are distributed through the State Agriculture Development Committee to support local efforts in preserving agricultural land. The grant amounts vary by county, with some receiving up to $8.5 million total. This policy change enables counties to protect farmland through permanent easements without requiring new tax revenue.