"Grown Here, Eaten Here Act"; provides CBT and GIT tax credits to qualifying food establishments for costs of purchasing certain local ingredients.

S 927, the "Grown Here, Eaten Here Act," would provide New Jersey businesses with a tax credit if enacted. Qualifying food establishments - including restaurants, food manufacturers, and certain breweries - could claim a 10% credit against their state business or income taxes for costs paid to purchase locally grown fruits, vegetables, or other ingredients produced within New Jersey. The credit is limited to 50% of the taxpayer’s total tax liability for the year and can be carried forward for up to 20 years if unused. The bill requires the state tax and agriculture departments to create rules for administering the program.