Exempts sale of land to nonprofit organizations for recreation and conservation from realty transfer fee.

This bill amends the realty transfer fee law to exempt the sale of real property to a nonprofit organization for permanent preservation for recreation and conservation purposes from the fee. This exemption applies under the "Preserve New Jersey Act." The change takes effect immediately.

Exempts sale of land to nonprofit organizations for recreation and conservation from realty transfer fee.

This bill amends the realty transfer fee law to exempt the sale of real property to a nonprofit organization for permanent preservation for recreation and conservation purposes from the fee. This exemption applies under the "Preserve New Jersey Act." The change takes effect immediately.