This bill establishes a recurring annual tax credit of $250 for property owners located within 1,000 feet of Barnegat Bay and its tributaries who replace their grass lawns with non-maintenance materials such as stones or crushed shells. The credit aims to incentivize the reduction of lawn fertilizers and other chemical agents that can negatively impact the bay's water quality and ecosystems. Additionally, property owners who have already made such replacements prior to the bill's enactment will also qualify for the tax credit.

The bill mandates that the Director of the Division of Taxation create necessary rules and regulations to implement its provisions, in accordance with the "Administrative Procedure Act." It is set to take effect immediately and will apply to taxable years beginning January 1 following its enactment.