NJ S59

Bill

NJ S59

Eliminates supplemental realty transfer fee.

Introduced
01/13/2026

In Committee
01/13/2026

Crossed Over

Passed

Dead

Introduced Session

2026-2027 Regular Session

Bill Summary

This bill eliminates the supplemental realty transfer fee imposed by P.L.2003, c.113, which took effect on July 14, 2003. The supplemental fee has a graduated structure. It is $0.25 for each $500 of the selling price not in excess of $150,000, $0.85 for each $500 of the selling price in excess of $150,000 but not in excess of $200,000, and $1.40 for each $500 of the selling price in excess of $200,000. Counties retain $0.25 of for each $500 of the selling price and remit the remainder to the State. The supplemental fee also includes an additional fee of $1.00 for each $500 of the selling price not in excess of $150,000 that is exempt from $1.00 of the basic fee as "new construction". The State receives all of the proceeds.

AI Summary

This bill eliminates the supplemental realty transfer fee, a tax imposed on real estate transactions that was established in 2003. This fee had a graduated structure based on the selling price of the property, with different rates applied to portions of the price up to $150,000, between $150,000 and $200,000, and above $200,000, and also included an additional component specifically for "new construction" (newly built improvements not previously occupied or used). The bill amends existing laws to remove references to this supplemental fee, ensuring that deeds will no longer need to include statements or affidavits related to it for recording purposes, and it repeals the specific section of law that created the supplemental fee.

Committee Categories

Housing and Urban Affairs

Sponsors (2)

Jim Holzapfel (R)*, Vince Polistina (R),

Last Action

Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee (on 01/13/2026)

Official Document

https://www.njleg.state.nj.us/bill-search/2026/S59

(3 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://www.njleg.state.nj.us/bill-search/2026/S59
BillText	https://pub.njleg.gov/Bills/2026/S0500/59_I1.HTM

Bill	Bill Name	Last Action	Type
A687	Eliminates supplemental realty transfer fee.	Introduced, Referred to Assembly Housing Committee	Same As
A792	Eliminates supplemental realty transfer fee.	Introduced, Referred to Assembly Housing Committee	Carry Over
S444	Eliminates supplemental realty transfer fee.	Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee	Carry Over

Bill > S59

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (2)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary