Authorizes County Agriculture Development Boards to establish program to receive and lease donated farmland to new farms, establishes gross income tax credit for farmers who donate land.

This bill (A6033) authorizes New Jersey County Agriculture Development Boards (CADBs) to create programs that accept donations of farmland from commercial farmers and lease that land to new farmers residing in New Jersey. It establishes a state tax credit equal to the proportional value of donated land (capped at $100,000 per donation), calculated using the farm’s most recent assessed value. The total tax credit pool is limited to $100 million statewide, and credits must be certified by CADBs and applied against the New Jersey Gross Income Tax. The bill directly affects commercial farm owners who donate land and new farmers seeking to lease farmland, aiming to support agricultural land preservation and new farm development.