This bill amends existing law to exempt the recording of deeds for preserved farmland from the realty transfer fee when the buyer is a qualified beginning farmer. Specifically, it adds a new exemption under Section 6 of P.L.1968, c.49 (C.46:15-10), stating that the fee shall not apply to deeds conveying preserved farmland to individuals who possess a written certification from the Department of Agriculture confirming their status as a beginning farmer. The bill also establishes a process for the Department of Agriculture to issue this certification, which includes setting eligibility criteria and documentation requirements.

The bill aims to encourage new farmers to engage in agriculture by removing financial barriers associated with purchasing preserved farmland. It highlights the need for New Jersey to not only preserve farmland but also support the next generation of farmers, as the average age of farmers in the state is notably high. By aligning with similar provisions in Pennsylvania's Farm Bill, this legislation seeks to foster a more sustainable agricultural future in New Jersey.

Statutes affected:
Introduced: 46:15-10