Bill

Bill > A4602


NJ A4602

NJ A4602
Eliminates general purpose, supplemental and mansion realty transfer fees.


summary

Introduced
09/22/2022
In Committee
09/22/2022
Crossed Over
Passed
Dead
01/08/2024

Introduced Session

2022-2023 Regular Session

Bill Summary

Eliminates general purpose, supplemental and mansion realty transfer fees.

AI Summary

This bill eliminates the general purpose, supplemental, and mansion realty transfer fees in New Jersey. It amends existing law to remove these fees, which were previously charged in addition to the basic and additional realty transfer fees when recording a deed. The bill also makes corresponding changes to how the proceeds from the remaining fees are distributed, including continuing to provide funding for the Shore Protection Fund and Highlands Protection Fund, as well as the Special Needs Housing Trust Fund.

Committee Categories

Housing and Urban Affairs

Sponsors (3)

Last Action

Introduced, Referred to Assembly Housing Committee (on 09/22/2022)

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