New Jersey legislation · 2026-2027 Regular Session
New Jersey S739: NJ Loves NJ Farmers Act-prov cert tax credit, cert farm operators for price loss
Status: In committee, October 8, 2026
"New Jersey Loves New Jersey Farmers Act"; provides corporation business tax credits and gross income tax credits to commercial farm operators for price loss.
What the bill says
An Act providing corporation business tax credits and gross income tax credits to certain commercial farm operators, designated as the New Jersey Loves New Jersey Farmers Act, and supplementing P.L.1945, c.162 (C.54:10A-1 et seq.) and Title 54A of the New Jersey Statutes.
From the introduced text, January 13, 2026:
An Act providing corporation business tax credits and gross income tax credits to certain commercial farm operators, designated as the New Jersey Loves New Jersey Farmers Act, and supplementing P.L.1945, c.162 (C.54:10A-1 et seq.) and Title 54A of the New Jersey Statutes. Be It Enacted by the Senate and General Assembly of the State of New Jersey: 1. This act shall be known and may be cited as the New Jersey Loves New Jersey Farmers Act. 2. a. A taxpayer that is a commercial farm operator shall be allowed a credit against the tax imposed pursuant to section 5 of P.L.1945, c.162 (C.54:10A-5) in an amount equal to the price loss of the commercial farm during the privilege period, provided that the taxpayer obtains a certification of the price loss for the privilege period from the Secretary of Agriculture pursuant to section 4 of P.L. , c. (C. ) (pending before the Legislature as this bill). b. The order of priority of the application of the credit allowed pursuant to this section, and any other credits allowed by law against the tax imposed pursuant to section 5 of P.L.1945, c.162 (C.54:10A-5), shall be as prescribed by the director. The amount of the credit applied under this section against the tax imposed pursuant to section 5 of P.L.1945, c.162 (C.54:10A-5) for …
Sponsors
- John J. Burzichelli (D, 3) · primary sponsor
- Paul D. Moriarty (D, 4) · primary sponsor
- James Beach (D, 6)
- Nilsa I. Cruz-Perez (D, 5)
Latest actions
- : REF SBA
- : REP 2RS
- : INT 1RS REF SEG
Votes
- Senate Economic Growth Committee: Reported favorably (October 8, 2026): 5 yea, 0 nay, passed
Subjects: TAXATION - PERSONAL INCOME TAX, TAXATION - BUSINESS TAXES
Common questions
- What is S739?
- S739 is a bill in the New Jersey Legislature (2026-2027 Regular Session): NJ Loves NJ Farmers Act-prov cert tax credit, cert farm operators for price loss.
- What does S739 do?
- In its own words: An Act providing corporation business tax credits and gross income tax credits to certain commercial farm operators, designated as the New Jersey Loves New Jersey Farmers Act, and supplementing P.L.1945, c.162 (C.54:10A-1 et seq.) and Title 54A of the New Jersey Statutes.
- What is the status of S739?
- In committee as of October 8, 2026. Latest action: REF SBA (October 8, 2026).
- Who sponsored S739?
- John J. Burzichelli (D, 3), with 3 co-sponsors.
- Where is the official record for S739?
- On the New Jersey Legislature website: https://www.njleg.state.nj.us/bill-search/2026/S739
Source: official New Jersey record. Tracked by Delilah, AI for legislation across all 50 states and Congress.