S.444

Eliminates supplemental realty transfer fee.

Introduced·1/9/24
Introduced Text

New Jersey S444 eliminates the supplemental realty transfer fee.

New Jersey S444 eliminates the supplemental realty transfer fee imposed by P.L.2003, c.113. The supplemental fee had a graduated structure based on the selling price of the property. Counties retained a portion of the fee, while the remainder was remitted to the State. This bill removes this fee, impacting real estate transactions in New Jersey.

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  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Where it stands

Current
Community and Urban Affairs Committee
Next
Session adjourned — paused until it reconvenes

Sponsors

0
2
RR
Democratic CaucusRepublican Caucus

History

Jan 9, 2024

Senate

Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee