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

The "Grown Here, Eaten Here Act" (S 3683) provides tax credits to New Jersey restaurants, food manufacturers, and certain breweries (limited/restricted breweries) for purchasing local ingredients. It allows a 10% credit against corporation business tax or gross income tax for costs of buying eligible ingredients - like fruits, vegetables, or crops grown in New Jersey - used in food or beverage preparation. The credit cannot exceed 50% of a business’s tax liability for the year, and unused credits can be carried forward for up to 20 years. The bill aims to incentivize local sourcing by reducing tax burdens for qualifying food businesses.