Bill > A3535

Introduced 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.

AI Summary

Committee Categories

Yvonne Lopez (D)*,  Raj Mukherji (D)*,  Daniel Benson (D),  Ralph Caputo (D),  Linda Carter (D),  John Catalano (R),  Herbert Conaway (D),  John DiMaio (R),  Kimberly Eulner (R),  Vicky Flynn (R),  Thomas Giblin (D),  Don Guardian (R),  Sean Kean (R),  Antwan McClellan (R),  Greg McGuckin (R),  John McKeon (D),  Bethanne Patrick (R),  Marilyn Piperno (R),  Gerry Scharfenberger (R),  Erik Simonsen (R),  Bill Spearman (D),  Claire Swift (R),  Edward Thomson (R), 

Introduced, Referred to Assembly Environment and Solid Waste Committee (on 03/08/2022)

Official Document