Changes certain allocations and amounts of constitutionally dedicated CBT revenues for Fiscal Year 2026 and thereafter; authorizes Garden State Preservation Trust and local governments to acquire lands in urban areas for agricultural or horticultural purposes.

S 3024 redirects state tax revenues for fiscal year 2026 and beyond to fund specific land preservation programs. It establishes a new "Preserve New Jersey Urban Agriculture and Horticulture Fund" that will receive 5% of dedicated funds annually (plus a $25 million one-time deposit) to help Garden State Preservation Trust and local governments acquire urban lands for farming or gardening. The bill changes allocation percentages from previous law, increasing funding for farmland preservation (26% vs. 31% under current law) and creating the dedicated urban fund. This directly affects local governments and the Garden State Preservation Trust, which must review annual funding allocations for conservation, farmland, and historic preservation programs. The policy focuses on supporting urban agricultural access through land acquisition, not new taxes or regulations.