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

Protect our democracy with your vote on Election Day
To the Editor:
When you go to vote Tuesday, Nov. 6, remember this grim truth: the Republican party is willing to trade our hard-won democracy for right-wing judges and tax...

Read more »

Jefferson Rec plans Radio City trip
OAK RIDGE — It’s really never too early to think about Christmas so envision riding in comfort to New York City to see the Radio City Music Hall’s Christmas...
Read more »

(No heading)
VERNON — Vernon Township High School DECA will once again sponsor the Harvest House Annual Turkey Dinner to benefit the Community Lunch Program located in Sussex Borough.
Read more »

Franklin to hold vehicle auction
FRANKLIN BOROUGH – Franklin Borough will hold a public auction for the purpose of selling an abandoned motor vehicle, a 2014 Vokswagon Jetta at the borough police...
Read more »

VIDEOS



Subscribe to our mailing list

* indicates required
Community Newspapers



MOST READ

Local News
Franklin to hold vehicle auction
  • Oct 10, 2018
Letters to the Editor
Protect our democracy with your vote on Election Day
  • Oct 10, 2018
Local News
(No heading)
  • Oct 10, 2018
Local News
Jefferson Rec plans Radio City trip
  • Oct 10, 2018

MOST COMMENTED



Weather in Lafayette, NJ