Appropriates $500,000 from constitutionally dedicated CBT revenues to State Agriculture Development Committee for municipal planning incentive grants for farmland preservation purposes.

This bill appropriates $500,000 from constitutionally dedicated corporation business tax (CBT) revenues to the State Agriculture Development Committee for farmland preservation grants. The funds will directly support Oldmans Township in Salem County through a $500,000 base grant for municipal planning, as specified in the bill. The township is also eligible to compete for an additional up to $1 million in competitive grants from existing funds, totaling potential funding of $1.5 million. These grants are designed to incentivize local planning efforts that preserve agricultural land, using revenue dedicated to open space and farmland preservation under New Jersey's constitution.