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  • NJ A2954
  • Increases amount annually credited to Shore Protection Fund to $50 million.
Introduced
(2/16/2016)
In Committee
(9/8/2016)
Crossed OverPassedSignedDead/Failed/Vetoed
2016-2017 Regular Session
This bill increases from $25 million to $50 million the amount that is annually credited to the Shore Protection Fund from the collection of realty transfer fees. The realty transfer fee is imposed on the recording of deeds transferring real property, and is calculated on the basis of the amount paid in the deed. The basic rate is $1.75 for each $500 of consideration, of which $0.50 is retained by the county and $1.25 is the State share. Currently, the first $25 million of the State share collected annually is credited to the Shore Protection Fund.
Environment and Solid Waste
Reported and Referred to Assembly Appropriations Committee  (on 9/8/2016)
 
 
Date Chamber Action Description
9/8/2016 A Reported and Referred to Assembly Appropriations Committee
8/18/2016 Assembly Environment and Solid Waste Hearing (10:00 8/18/2016 LMH Room, Toms River Town Hall, 33 Washington Street, Toms River)
2/16/2016 A Introduced, Referred to Assembly Environment and Solid Waste Committee
Date Motion Yea Nay Other
Detail 8/18/2016 Assembly Environment and Solid Waste Committee: Reported Favorably 4 0 2