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

Kerwien played 23 games for Meriscordia
Billy Kerwien (High Point High School) was a sophomore infielder for the Misericordia (Dallas, Pa.) baseball team this spring. Kerwien played in 23 games and started in five of...
Read more »
Image

Junior Rangers offers ‘Rookie Series’ hockey program at Skylands Ice World
— The New York Rangers are continuing to grow the future of RangersTown with the Junior Rangers Rookie Series, a program...
Read more »
Image

Milagro Saints concert sponsored by UNICO
— This Friday evening August 17 Sparta UNICO National will sponsor the Sparta Summer Concert performance of North Carolina roots...
Read more »
Image

County has new internet service provider
By Laurie Gordon
There has been a lot of discontent voiced concerning internet service in the county. Perhaps the option of a...

Read more »

VIDEOS



Subscribe to our mailing list

* indicates required
Community Newspapers


MOST READ

Entertainment
Milagro Saints concert sponsored by UNICO
  • Aug 15, 2018
Obituaries
Nancy Anne Littell Wesighan
  • Aug 14, 2018

MOST COMMENTED



Weather in Lafayette, NJ