Requires disclosure of original purchase price for land to be sold to a county, county agriculture development board, or municipality for farmland preservation purposes.

This bill (A482) requires land sellers to disclose the original purchase price of property being sold for farmland preservation to a county, county agriculture development board, or municipality. Specifically, sellers must provide this disclosure to the purchasing entity before completing the sale of real property or a development easement. The law applies directly to individuals, corporations, or entities selling land for preservation purposes under existing farmland programs. It creates a transparency requirement for these transactions, taking effect immediately upon passage.