Income legislation passes committee


Make text smaller Make text larger





Bipartisan legislation sponsored by Senator Steve Oroho provides gross income tax and corporation business tax credits to individuals leasing agricultural land to beginning farmers has passed the Senate Economic Growth Committee.

“A new generation of farmers will be required to deliver food to the tables of New Jersey’s families,” said Oroho. “Economic activity in the agricultural community depends on new farmers entering into the industry. By encouraging landowners towards leasing to inspiring farmers we can continue to sustain New Jersey’s strong agriculture industry.”

New Jersey’s agriculture industry has become endangered by a lack of new farmers entering the industry. The New Jersey Department of Agriculture reported that the average age of the New Jersey farmer has increased to 59 years old.

Oroho’s legislation provides tax incentives to landowners who lease to beginning farmers.

In addition, legislation will provide family-owned farms, without an inheritance, the opportunity to rent instead of selling land to developers enduring New Jersey’s open land and establishing a new generation of farmers.

“New Jersey’s farms provide over 200,000 jobs from the beginning stages of agriculture to processing and final distribution of food to New Jersey’s nine million residents,” said Oroho. “As a top ten provider of agriculture in the country, it is vital to encourage new farmers to enter the industry and keep New Jersey’s farms in operation.”



Make text smaller Make text larger

Comments

Pool Rules



MUST READ NEWS

Westys hosts annual Frozen International
Westys Gymnastics hosted an amazing USAIGC and GAP meet, their third annual Crystal Springs Frozen Invitational, the weekend of...
Read more »
Image

Irish Cottage holds Father Johns fundraiser
The Irish Cottage recently held a fundraiser, where customers would throw dollar bills to the ceiling & they would...
Read more »
Image

Crystal Springs announces New Year's program
HAMBURG — Crystal Springs Resort is the place to ring in the New Year with celebrations for everyone — from family-friendly events to parties for 21 and over!...
Read more »
Image

Vernon basketball teams ready for season
The pre-season preparations are now a thing of the past and now it’s time to see all of that hard work pay off for the...
Read more »

VIDEOS



Subscribe to our mailing list

* indicates required
Community Newspapers



MOST READ

Local News
Airbnb boom
  • Dec 14, 2018
Entertainment
Workshop plans spring registration
  • Dec 11, 2018
Entertainment
January Thaw Festival to heat up area
  • Dec 11, 2018
Sports
College commitment
  • Dec 14, 2018
Obituaries
Dale A. Parker
  • Dec 14, 2018

MOST COMMENTED



Find more about Weather in Lafayette, NJ