Farmland assessment bill OK’d in Assembly

TRENTON – One of the few bills before the Assembly today that did not deal with firearms regulations dealt with farmland assessment and the issue of the so-called ‘’fake farmers.’’

S589 passed 70-4-3, and it addresses the problem of landowners, often corporations, that gain maximum tax-break benefit by providing minimal farmland use.

The bill would increase from $500 to $1,000 the minimum gross sales needed to qualify for farmland assessment on the first five acres.

Earlier story:

Assessment bill regarding non-farms advances

 

Farmland assessment bill OK’d in Assembly