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Bill

A 1084

Requires disclosure of original purchase price for land to be sold to a county, county agriculture development board, or municipality for farmland preservation purposes.

2026-2027 Regular Session Introduced by Rob Clifton and 1 co-sponsor

Requires sellers to disclose the original purchase price of farmland or development easements to public buyers before sale for preservation.

Introduced, Referred to Assembly Agriculture and Natural Resources Committee
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Bill Summary · A 1084

Summary of New Jersey Bill A-1084 (Session 222)

Purpose and intent

This bill requires transparency in land transactions involving farmland preservation. Specifically, when land or a development easement on land is sold to a county, a county agriculture development board, or a municipality for farmland preservation, the seller must disclose the purchase price they originally paid for the property or easement before the sale is completed.

Key provisions

  • Disclosure requirement: At the time of sale, the seller (which could be an individual, corporation, LLC, or other legal entity) must disclose to the purchasing entity the price that the seller themselves paid for the real property or the development easement being sold. This disclosure must occur prior to the sale.
  • Scope of transactions: Applies when real property in fee simple or a development easement on real property is being acquired for farmland preservation purposes by:
    • A county
    • A county agriculture development board
    • A municipality
  • Effective date: The act takes effect immediately upon enactment.

Who is affected

  • Sellers: Individuals or entities selling farmland or related development easements to county, county agriculture development boards, or municipalities.
  • Purchasing entities: Counties, county agriculture development boards, and municipalities involved in farmland preservation acquisitions.
  • Potential impacts on sellers: Sellers must retrieve and disclose their own acquisition price for the property or easement, which could affect negotiations and perceived transaction values.

Procedural and timeline aspects

  • Introduction and referral: Introduced January 13, 2026, and referred to the Assembly Agriculture and Natural Resources Committee.
  • No transition period specified: The text states the act “shall take effect immediately,” implying immediate applicability upon enactment.

Potential implications and considerations

  • Transparency in farmland preservation pricing: The bill aims to provide greater visibility into the original purchase prices of preserved farmland, which could inform valuation practices and public accountability.
  • Negotiation dynamics: Requiring disclosure of an original purchase price may influence future negotiations between sellers and public preservation entities.
  • Administrative burden: Sellers must locate and disclose their prior purchase price, which could require recordkeeping and verification.

Additional notes

  • The bill is currently in the early stages of the legislative process (introduced and referred to committee). If enacted, it would supplement existing farmland preservation statutes (P.L.1983, c.32; C.4:1C-11 et seq.).
  • Co-sponsors listed: Rob Clifton and Erik Peterson.

Compiled from official sources — confirm details with the bill’s official record.

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