Increases threshold from $1 million to $2 million for imposition of certain fees and taxes on certain real property transfers.
Take action
Record your position on this measure.
Create an account to record your position, submit testimony, or contact your legislator.
Progress
Where this bill stands in the legislative process.
- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill raises the threshold for when certain fees and taxes are applied to real property transfers in New Jersey. Currently, these fees and taxes are triggered when the consideration exceeds $1 million. This bill increases that threshold to $2 million. It amends existing legislation to reflect this change, impacting fees on residential, commercial, and certain farm properties, as well as a tax on controlling interest transfers in commercial properties.
Bill text
Read the latest version inline or switch to a previous version.
Document of record
- Version
- Introduced
- Published
- Not published in the source record
This version is published only as a document. Open the viewer to read it here, or download the file.
Sponsors
Official sponsors from legislative records.
5 on record
Primary sponsor
Cosponsors
Arguments
Reasons offered for and against this legislation.
Arguments in favor
No arguments in favor have been submitted.
Submit yoursArguments opposed
No arguments opposed have been submitted.
Submit yours