"New Jersey Loves New Jersey Farmers Act"; provides corporation business tax credits and gross income tax credits to commercial farm operators for price loss.

S 739, the "New Jersey Loves New Jersey Farmers Act," provides tax credits to New Jersey commercial farm operators who grow crops for human consumption (like fruits and vegetables) but not livestock feed. It allows these farms to claim credits against corporation business tax or gross income tax equal to certified "price loss" (revenue loss from falling crop prices), verified by the State Agriculture Secretary. The credits are limited to 50% of tax liability per year and can be carried forward for up to seven years if not fully used. This directly benefits farm businesses experiencing price declines, offering financial relief tied to verified market losses.